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How much has the price of used cars increased since the beginning of the year in Russia?

  • July 19, 2023
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Analysts from the agency “AUTOSTAT” determine price changes in the secondary car market in various categories on a monthly basis. Summarizing the data, they found that in the

Analysts from the agency “AUTOSTAT” determine price changes in the secondary car market in various categories on a monthly basis. Summarizing the data, they found that in the first half of 2023, used cars in Russia increased in price by 8%.

Today, the average arithmetic cost of a used car is 1,417,600 rubles, while six months ago this figure was 102,700 rubles less. If we count the prices of July 2022 for a year, then the “second-hand” has increased in price by no less than 15.8% (+193,600 rubles).

Can we call this trend disappointing? Yes and no, say experts. On the one hand, there is an increase in the market for both new and used cars. For six months, imports of fresh cars have more than tripled. Hence the rejuvenated, and hence the more expensive “secondary”. In addition, the volume of deliveries from abroad is also growing: 220,000 used cars were imported into the country in the reporting six months – 2.9 times more than in the first six months of 2022.

However, the apparently positive growth in used car sales is also affected by negative factors. Such as, for example, fluctuations in the exchange rate of the ruble and the upcoming increase in the usage fee.

Today, the average arithmetic cost of a used car is 1,417,600 rubles, while six months ago this figure was 102,700 rubles less. If we count the prices of July 2022 for a year, then the “second-hand” has increased in price by no less than 15.8% (+193,600 rubles).

Can we call this trend disappointing? Yes and no, say experts. On the one hand, there is an increase in the market for both new and used cars. For six months, imports of fresh cars have more than tripled. Hence the rejuvenated, and therefore the more expensive “secondary”. In addition, the volume of deliveries from abroad is also growing: 220,000 used cars were imported into the country in the reporting six months – 2.9 times more than in the first six months of 2022.

However, the apparently positive growth in used car sales is also affected by negative factors. Such as, for example, fluctuations in the exchange rate of the ruble and the upcoming increase in the usage fee.

Source: Avto Vzglyad

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