The collapse of the car market: Russians stop buying new cars
June 6, 2022
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The Association of European Businesses Automobile Manufacturers Committee reports: in May, new car sales were just 24,268 cars. And this is a new anti-record of the Russian market.
The Association of European Businesses Automobile Manufacturers Committee reports: in May, new car sales were just 24,268 cars. And this is a new anti-record of the Russian market.
Last spring, shipments of cars to customers slumped by 83.5%. That is, our compatriots have actually stopped buying new cars … There are several reasons for this. First of all, there is still a dire shortage of cheap ‘state workers’ on the market, because AVTOVAZ is just setting up rhythmic work, while the factories of Hyundai and Volkswagen are still standing. The Renault brand has completely left the Russian market.
Those dealers who still have small but stocks do not see an influx of visitors. The remnants of past luxuries are being sold at fabulous prices that most Russians simply cannot afford at current interest rates.
In general, buying a new car today is not an activity for the faint of heart. As already mentioned, it is not enough to pay a monstrous price, sometimes three times higher than the price recommended by the manufacturer, the car has yet to be found! How long will this lawlessness last, the AvtoVzglyad portal found.
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Last spring, shipments of cars to customers slumped by 83.5%. That is, our compatriots have actually stopped buying new cars … There are several reasons for this. First of all, there is still a dire shortage of cheap ‘state workers’ on the market, because AVTOVAZ is just setting up rhythmic work, while the factories of Hyundai and Volkswagen are still standing. The Renault brand has completely left the Russian market.
Those dealers who still have small but stocks do not see an influx of visitors. The remnants of past luxuries are being sold at fabulous prices that most Russians simply cannot afford at current interest rates.
In general, buying a new car today is not an activity for the faint of heart. As already mentioned, it is not enough to pay a monstrous price, sometimes three times higher than the price recommended by the manufacturer, the car has yet to be found! How long will this lawlessness last, the AvtoVzglyad portal found.
I’m Sandra Torres, a passionate journalist and content creator. My specialty lies in covering the latest gadgets, trends and tech news for Div Bracket. With over 5 years of experience as a professional writer, I have built up an impressive portfolio of published works that showcase my expertise in this field.