Large stocks of cars in dealer warehouses have a positive effect on the cost of cars in the country. This is stated in the Central Bank’s publication. report “Regional economy: Comments from the State University.”
“According to information received from major car dealers, by the beginning of 2024, approximately 200 thousand cars have accumulated in warehouses in Moscow and the Moscow region, and approximately the same number of cars are on their way to Russia. New machines of this volume can only be sold in a few months. “The fact that supply prevails over demand limits price increases,” the report states.
As the Central Bank emphasizes, the Russian automobile market is becoming more balanced: local manufacturers are increasing production, and Chinese brands will increase supply. “At the same time, upward pressure on prices continues due to dependence on imported components and labor shortages,” analysts add.
At the end of last year, the share of Chinese brands in the Russian market exceeded 50 percent, largely due to parallel imports. But according to Anatoly Fironov, associate professor at Moscow Polytechnic University, with more stringent requirements for the import of foreign cars and an increase in the recycling collection of such cars in the Russian Federation, the number of such cars will decrease.
Before this it was known that there were car services will be allowed Repair of equipment without original spare parts.
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