According to Kommersant, the secondary market has stabilized and prices have stopped rising. According to the Autostat agency, 512 thousand used passenger cars were sold in October, only 0.5% more than in September.

In turn, sales fell by 7.6% in September compared to August, against the backdrop of the Central Bank’s earlier rate hike. At the same time, some experts note that in Russia as a whole, demand fell by 5.5% in November compared to early October.

In November, customers were less likely to buy used cars with borrowed money, confirms Maxim Solodovnik, director of used cars at Fresh: – the number of loans granted fell by 5% compared to October, precisely because of the increase in the policy rate. Used car prices, which have been rising steadily since April, began to stabilize in October, dealers say. The increased supply volume caused prices to drop; compared to September, these fell by an average of 3%.

According to Kommersant, the secondary market has stabilized and prices have stopped rising. According to the Autostat agency, 512 thousand used passenger cars were sold in October, only 0.5% more than in September.

In turn, sales fell by 7.6% in September compared to August, against the backdrop of the Central Bank’s earlier rate hike. At the same time, some experts note that demand in Russia as a whole fell by 5.5% in November compared to early October.

In November, customers were less likely to buy used cars with borrowed money, confirms Maxim Solodovnik, director of used cars at Fresh: – the number of loans granted fell by 5% compared to October, precisely because of the increase in the policy rate. Used car prices, which have been rising steadily since April, began to stabilize in October, dealers say. The increased supply volume caused prices to drop; compared to September, these fell by an average of 3%.