Dealers allowed prices for passenger cars in Russia to rise by 30%

Dealers allowed prices for passenger cars in Russia to rise by 30%

2023-09-26 07:07:32

In 2023, passenger cars may rise in price in Russia by 30% in annual terms. This was announced by the vice-president and executive director of the specialized association “Russian Automobile Dealers” (ROAD) Vyacheslav Zhigalov, transmits “RIA Novosti”.

“Unfortunately, we still expect prices to rise by the end of the year. An increase in the recycling fee and serious fluctuations in the ruble exchange rate have already led to an increase in the price of cars, and by the end of the year we can talk about an increase of up to 30% from January,” Zhigalov said.

Earlier, Vedomosti wrote that in the summer – autumn of 2023, passenger cars will rise in price by an average of 5-10% due to the ongoing strengthening of the exchange rates of the main currencies, used for the purchase of components and finished cars, since June. According to Autostat, at the end of the first half of 2023, the weighted average cost of a new car in Russia amounted to 2.68 million rubles, which is almost 13% more than at the beginning of 2023.

Almost 607,000 vehicles were sold in the country from January to August, up 41% from a year earlier. In particular, over 109,700 passenger cars were sold in August. The market leader remains “AvtoVAZ” In the first eight months, 190,646 cars of this brand were sold, including 28,721 cars in August.

From August 1, the recycling fee for cars has increased in Russia. According to the document, the tax rate for passenger cars will be increased on average by 1.7–3.7 times depending on engine size, for light commercial vehicles – by 2.5–3.4 times, for trucks – by 1.7 times , explained the press service of the Ministry of Industry and Trade. The fee for buses, according to the department, will increase on average by 2.2–4.8 times, and for electric buses – by 8.7 times.

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