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Economists specializing in commentary for the media never tire of frightening the public with gloomy forecasts for the development of the domestic car market. Telegram channels are full
Surely you have noticed that somehow it all settles down in the world around us: the regularly predicted terrible economic disasters with the collapse of everything and everything do not happen. Real shocks require epic events on the scale of the beginning of the Ukrainian NWO
And now, as the dollar has crossed the 83 ruble mark and rushed to new anti-records of this kind, predictive economic bullshit has come out of all the cracks. After all, according to an old Russian tradition, the depreciating ruble is associated with an increase in the price of anything and everything in our country. In such situations, car dealers “under the guise” also inflate car prices to levels that cannot be explained even from the point of view of the rise in exchange rates.
In fact, you shouldn’t be tempted to become temporarily hopeless about the future. To be convinced of this, it is enough not to fret and remember a whole series of factors that can slowly but surely bring the dollar back to a price of 70 (or even 65!) Rubles by the end of 2023.
The ruble generally has many conditions to strengthen on the horizon of the current year. Firstly, because since April the mineral tax for oilmen has been calculated in a new way. Without going into the economic jungle, let’s say that exporters will have to pay more and more taxes because of this.
The state accepts these payments in rubles. As a result, oil companies will sell more and more currency on the exchange. Secondly, from June 7, the Ministry of Finance increased the volume of purchases (again for foreign currency) of rubles on the stock exchange from 2 to 3.7 billion per day. This creates the conditions for an increase in ruble exchange rates.
Objective macroeconomic data shows that the Russian economy passed the peak of the downturn at the end of last year and continues to grow. This has a stimulating effect on the exchange rate of the national currency in every country. In addition, low inflation in the country is keeping the ruble from a serious long-term decline. As long as the Central Bank keeps it close to existing values, nothing fundamental will happen to the ruble exchange rate.
Next, we should mention the mechanism launched by the authorities to slow down the outflow of capital from the country. Recently, daily limits have been introduced for the purchase of foreign currency by companies exiting the Russian market.
If something extraordinary does not happen in the world economy or in Russia, the domestic currency may rise above 70 rubles per dollar in early 2024, according to various estimates. Up to 65 rubles for an “American”. It is clear that car dealers will “cut the spoils” for the first time after this, with car sales prices remaining at the same level. But this won’t last long: competition will push prices down. In short, there is every reason to expect the cost of new cars to slowly fall in early 2024.
Surely you have noticed that somehow it all settles down in the world around us: the regularly predicted terrible economic disasters with the collapse of everything and everything do not happen. Real shocks require epic events on the scale of the beginning of the Ukrainian NWO
And now, as the dollar has crossed the 83 ruble mark and rushed to new anti-records of this kind, predictive economic bullshit has come out of all the cracks. After all, according to an old Russian tradition, the depreciating ruble is associated with an increase in the price of anything and everything in our country. In such situations, car dealers “under the guise” also inflate car prices to levels that cannot be explained even from the point of view of the rise in exchange rates.
In fact, you shouldn’t be tempted to become temporarily hopeless about the future. To be convinced of this, it is enough not to fret and remember a whole series of factors that can slowly but surely bring the dollar back to a price of 70 (or even 65!) Rubles by the end of 2023.
The ruble generally has many conditions to strengthen on the horizon of the current year. Firstly, because since April the mineral tax for oilmen has been calculated in a new way. Without going into the economic jungle, let’s say that exporters will have to pay more and more taxes because of this.
The state accepts these payments in rubles. As a result, oil companies will sell more and more currency on the exchange. Secondly, from June 7, the Ministry of Finance increased the volume of purchases (again for foreign currency) of rubles on the stock exchange from 2 to 3.7 billion per day. This creates the conditions for an increase in ruble exchange rates.
Objective macroeconomic data shows that the Russian economy passed the peak of the downturn at the end of last year and continues to grow. This has a stimulating effect on the exchange rate of the national currency in every country. In addition, low inflation in the country is keeping the ruble from a serious long-term decline. As long as the Central Bank keeps it close to existing values, nothing fundamental will happen to the exchange rate of the ruble.
Next, we should mention the mechanism launched by the authorities to slow down the outflow of capital from the country. Recently, daily limits have been introduced for the purchase of foreign currency by companies exiting the Russian market.
If something extraordinary does not happen in the world economy or in Russia, the domestic currency may rise above 70 rubles per dollar in early 2024, according to various estimates. Up to 65 rubles for an “American”. It is clear that after this, car dealers will “cut the spoils” for the first time, with car sales prices remaining at the same level. But this won’t last long: competition will push prices down. In short, there is every reason to expect the cost of new cars to slowly fall in early 2024.
Source: Avto Vzglyad
Donald Salinas is an experienced automobile journalist and writer for Div Bracket. He brings his readers the latest news and developments from the world of automobiles, offering a unique and knowledgeable perspective on the latest trends and innovations in the automotive industry.
