Denis Manturov, head of the Ministry of Industry and Trade, predicted that new car sales in Russia could increase by 30% this year. In this respect informs Kommersant newspaper.
“According to the automotive sector, this is fortune-telling on coffee grounds at the beginning of the year. Of course I can say that it will be more than 2022. For obvious reasons, because we are increasing production while maintaining imports. Estimates can be given a little later. But we said last month that it will be exactly 30% more than last year,” he said.
According to Manturov, from March to April last year there was a significant increase in car costs. Currently, however, prices have stabilized as the situation regarding logistics routes, supplies and production of components has stabilized.
“How can the price be lowered while both global and local inflation continue? At the very least, at the level of promotion, prices will always move forward. The question is how much,” explained the head of the Ministry of Industry and Trade.
As before knowledgeable The Association of European Enterprises in Russia, New passenger car and light commercial vehicle sales in Russia decreased by 62% in February 2023.