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You don’t need your own car: the demand for car sharing has increased sharply in Russia

  • December 22, 2023
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The increase in prices for the purchase and maintenance of passenger cars, coupled with the increase in prices for taxi services, has led to significant growth in the

You don’t need your own car: the demand for car sharing has increased sharply in Russia

The increase in prices for the purchase and maintenance of passenger cars, coupled with the increase in prices for taxi services, has led to significant growth in the car-sharing market. Although short-term car rental companies also complain about widespread price increases and declining profitability.

As Kommersant reports with reference to a B1 study on the car-sharing market, by the end of 2023 the segment will increase by 33.3% compared to the past – up to 44 billion rubles. By 2024, according to experts, the growth rate will accelerate to 40.9% and the total volume will approach 62 billion rubles. At the same time, the taxi market will grow by approximately 7% per year, and ‘normal’ car rental by 9%.

The main reason in the study is the decline in demand for passenger cars due to rising costs and ownership, as well as rising costs of loans. In addition, the popularity of car sharing has been boosted by an increase in taxi ride prices due to a shortage of drivers and changes in legislation. So if the average cost of a kilometer in car sharing in 2023 was 23 rubles, then in a taxi it was 39 rubles.

On average, car sharing costs Russians 35% less than a taxi per year and three times cheaper than owning a car, analysts say.

As Kommersant reports with reference to a B1 study on the car-sharing market, by the end of 2023 the segment will increase by 33.3% compared to the past – up to 44 billion rubles. By 2024, according to experts, the growth rate will accelerate to 40.9% and the total volume will approach 62 billion rubles. At the same time, the taxi market will grow by approximately 7% per year, and ‘normal’ car rental by 9%.

The main reason in the study is the decline in demand for passenger cars due to rising costs and ownership, as well as rising costs of loans. In addition, the popularity of car sharing has been boosted by an increase in taxi ride prices due to a shortage of drivers and changes in legislation. So if the average cost of a kilometer in car sharing in 2023 was 23 rubles, then in a taxi it was 39 rubles.

On average, car sharing costs Russians 35% less than a taxi per year and three times cheaper than owning a car, analysts say.

Source: Avto Vzglyad

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