The cost of new passenger cars increased by an average of 2-5% in October 2024, following the increase in recycling fee tariffs for passenger cars from October 1. about this writes Kommersant newspaper cited the Russian Association of Automobile Dealers (ROAD).
“Dealers calculated that the prices of new passenger cars increased by an average of 2-5% in October, when recycling tax rates increased in Russia. Automakers are incorporating rate increases into the price tag without taking drastic action to withstand competition in cooling demand. “Market participants predict that the price of new cars could increase by another 10% by the end of the year.” writes edition.
Dealers explain the increase in prices by the indexation of the recycling fee in retail prices of new cars, the increase in the key rate and the weakening of the ruble exchange rate. As of October 1, new recycling tax rates have been implemented in Russia. The changes come at the request of the domestic automaker to protect itself from the expansion of Chinese auto companies. Compared to previous rates, collection increased by 70-85 percent. Starting January 1 of next year, the payment will increase by 10-20%.
Russians before said There is a serious increase in tire prices.
What are you thinking?
Source: Gazeta
Anika Rood is an author at “Social Bites”. She is an automobile enthusiast who writes about the latest developments and news in the automobile industry. With a deep understanding of the latest technologies and a passion for writing, Anika provides insightful and engaging articles that keep her readers informed and up-to-date on the latest happenings in the world of automobiles.