Cars will rise in price by 5-10% in summer due to the weakening of the ruble
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New passenger cars will rise in price in the summer-autumn of 2023 by an average of 5–10% due to the continued appreciation of the main currencies used to purchase components and finished cars since June. This was told by car dealers, manufacturers and experts interviewed by Vedomosti. First of all, this may affect not the manufacturer’s recommended retail price (RRP), but the reduction of discounts and the cancellation of promotions that gained momentum in the first half of the year.
In June, as follows from the data of the Moscow Exchange, the ruble weakened against the dollar by 10.5% (or by 8.54 rubles), against the euro – by 13% (by 11.3 rubles), against the yuan – by 8.4 % (by 95 kopecks). On July 6, the dollar exceeded 93 rubles, the euro – 102 rubles. (for the first time since March 28, 2022), the yuan was trading near the mark of 13 rubles.
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