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New foreign cars may rise sharply by the end of the year

Car dealers predict an inevitable increase in the cost of cars imported into Russia through parallel imports. At the same time, dealers do not seem to expect a serious price increase for cars that are officially delivered, especially the same “Chinese”.

– Now there are no conditions for reducing the cost of new cars. In addition to the exchange rate, there are other problems that prevent more cars from being imported into Russia. For example, the payment process for cars between Russian legal entities and European car suppliers is becoming increasingly complex and logistics services are becoming more expensive. These factors can lead not only to an increase in the cost of new cars by the end of 2023, but also to a reduction in the volume of parallel imports – to a situation where it will be reduced to the import of a limited number of premium models “on order” , the CEO of the Group of Companies told Rossiyskaya Gazeta AvtoSpetsTsentr Andrey Terlyukevich.

It is also reported that stocks of foreign-made cars imported into our country during the high exchange rate of the ruble are running low. And the following batches will most likely be 15-20% more expensive due to the fall of the Russian currency. This will force car dealers to rewrite price tags upwards. So, a number of experts predict a price increase of new foreign cars in Russia within 30%, referring to the volatility of exchange rates and the increase in the cost of vehicle clearance.

The consequences of such a development of the situation can be mitigated by an increase in production at domestic auto plants and the stabilization of the Russian currency. In addition, price stability for Chinese cars can contribute to the tranquility of our car market – importers of this equipment have the opportunity to reduce the cost of their logistics and not raise prices after the rest.

– Now there are no conditions for reducing the cost of new cars. In addition to the exchange rate, there are other problems that prevent more cars from being imported into Russia. For example, the payment process for cars between Russian legal entities and European car suppliers is becoming increasingly complex and logistics services are becoming more expensive. These factors can lead not only to an increase in the cost of new cars by the end of 2023, but also to a reduction in the volume of parallel imports – to a situation where it will be reduced to the import of a limited number of premium models “on order” , the CEO of the Group of Companies told Rossiyskaya Gazeta AvtoSpetsTsentr Andrey Terlyukevich.

It is also reported that stocks of foreign-made cars imported into our country during the high exchange rate of the ruble are running low. And the following batches will most likely be 15-20% more expensive due to the fall of the Russian currency. This will force car dealers to rewrite price tags upwards. So, a number of experts predict a price increase of new foreign cars in Russia within 30%, referring to the volatility of exchange rates and the increase in the cost of vehicle clearance.

The consequences of such a development of the situation can be mitigated by an increase in production at domestic auto plants and the stabilization of the Russian currency. In addition, price stability for Chinese cars can contribute to the tranquility of our car market – importers of this equipment have the opportunity to reduce the cost of their logistics and not raise prices after the rest.

Source: Avto Vzglyad

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