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Why the price of used cars has risen sharply in Russia this summer

Why the price of used cars has risen sharply in Russia this summer

For a short time, the Russians had the feeling that the situation in the used car market was beginning to stabilize. In any case, after a sharp price hike in March, triggered by well-known events, from April to June, used cars actually became cheaper. However, July, as the AvtoVzglyad portal found out, broke the established trend.

So, at the beginning of the summer, the average price of a car on the secondary market was 850,000 rubles, and in recent weeks it has “rushed” to 868,000 rubles. Admittedly, as Drom points out, there’s a perfectly logical explanation for that: Ads dropped 9% from the previous month, but demand increased 6%.

The most popular used cars among Russians were LADA Priora, Toyota Corolla, LADA Granta, Kia Rio and Hyundai Solaris. They have all gone up by 3-4% and, as analysts predict, this is just the beginning of another price hike.

Meanwhile, as shown by the all-Russian survey, when buying a car, domestic motorists pay attention not only to the condition and mileage of the car, but also to the number of previous owners. The AvtoVzglyad portal has studied the presented statistics more closely.

So, at the beginning of the summer, the average price of a car on the secondary market was 850,000 rubles, and in recent weeks it has “rushed” to 868,000 rubles. Admittedly, as Drom points out, there’s a perfectly logical explanation for that: Ads dropped 9% from the previous month, but demand increased 6%.

The most popular used cars among Russians were LADA Priora, Toyota Corolla, LADA Granta, Kia Rio and Hyundai Solaris. They have all gone up by 3-4% and, as analysts predict, this is just the beginning of another price hike.

Meanwhile, as shown by the all-Russian survey, when buying a car, domestic motorists pay attention not only to the condition and mileage of the car, but also to the number of previous owners. The AvtoVzglyad portal has studied the presented statistics more closely.

Source: Avto Vzglyad

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