Why prices for all new cars will rise sharply by the fall
- August 16, 2023
- 0
After a short-term strengthening of the national currency against the backdrop of the Bank of Russia’s decision to raise its policy rate to 12% per annum, the ruble
After a short-term strengthening of the national currency against the backdrop of the Bank of Russia’s decision to raise its policy rate to 12% per annum, the ruble resumed its decline against the dollar, euro and yuan in trading on the stock exchange of Moscow . It is clear that all this will have a very sad effect on all aspects of our lives, including the car component. Dealers have already commented on the current state of affairs – expect another rise in car prices in the near future.
Interviewed by colleagues from Rossiyskaya Gazeta, market participants confirmed that it is not worth waiting for good news. At the beginning of August, there was already a widespread price increase in all segments of the car market, provoked by the low ruble exchange rate and an increase in salvage costs. Due to the increase in component prices due to the strengthening of the dollar, even models produced in Russia have increased in price. Not to mention imports.
Experts are waiting for another round of price hikes by the fall. The situation will be especially painful for vehicles imported via parallel imports, as their costs include disposal and logistics costs. At the same time, it is not worth waiting for a reduction in prices for new cars, even if the ruble strengthens – manufacturers are already leaving a blowback in prices, taking into account the volatility of the exchange rate, Evgeny Zhitnukhin, head from Fresh automotive marketplace dealer, confirmed to RG.
Avtodom Group of Companies, in turn, notes that stocks of models of European brands are currently running out. The rest will last until autumn. And due to fluctuations in exchange rates, cars from subsequent deliveries will increase in price by 15-20%.
Interviewed by colleagues from Rossiyskaya Gazeta, market participants confirmed that it is not worth waiting for good news. At the beginning of August, there was already a widespread price increase in all segments of the car market, provoked by the low ruble exchange rate and an increase in salvage costs. Due to the increase in component prices due to the strengthening of the dollar, even models produced in Russia have increased in price. Not to mention imports.
Experts are waiting for another round of price hikes in the fall. The situation will be especially painful for vehicles imported via parallel imports, as their costs include disposal and logistics costs. At the same time, it is not worth waiting for a reduction in prices for new cars, even if the ruble strengthens – manufacturers are already leaving a blowback in prices, taking into account the volatility of the exchange rate, Evgeny Zhitnukhin, head from Fresh automotive marketplace dealer, confirmed to RG.
Avtodom Group of Companies, in turn, notes that stocks of models of European brands are currently running out. The rest will last until autumn. And due to fluctuations in exchange rates, cars from subsequent deliveries will increase in price by 15-20%.
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.
