car prices in Russia may rise by 10-20% by the end of the year – Kommersant
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The general director of the auto dealer company AutoSpetsCenter, Andrei Terlyukevich, said that by the end of this year, car prices in Russia could increase by 10-20%. According to him, the rise in price will affect both domestic cars and foreign cars.
“At the end of 2023, sales levels will largely depend on external factors. Both domestic and officially imported cars will definitely rise in price by 10–20%,” said “Izvestia” Mr. Terlyukevich.
As experts explained, forecasts for an increase in the cost of cars in the Russian Federation in the second half of 2023 were justified, but the situation on the market remains stable, and the price revision had virtually no effect on sales dynamics. Andrey Teplyukevich believes that in total about 1 million cars can be sold in Russia by the end of the year, which will exceed last year’s figure by 25%.
Earlier it became known that the rise in car prices in the Russian Federation, which began in August against the backdrop of an increase in recycling collection and the weakening of the ruble, continues in September. On average, by data According to a survey of dealers conducted by Kommersant, the price increase ranged from 4%, reaching 20% in some cases. Moreover, market participants say that brands have not yet transferred all the new costs into prices and can still contain them. Discount programs are even maintained on the market – analysts believe that this indicates that brands are cautious in a highly competitive environment. Thus, as market participants and auto experts note, the rise in car prices will inevitably continue.
Read more in the article “Kommersant” “Prices are still king.”
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