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Despite President Putin’s instruction to take measures to control price controls in the country’s car market, the cost of cars is not falling. On the contrary. With the
Literally tearing apart the Russian car market, the Chinese not only bombarded us with their new products, but also massively raised prices. The crossover Chery Tiggo 8 Pro Max became the most “heavier”, with an added value of as much as 73.4%. If we talk about absolute numbers, then the “Chinese” who believed in himself has increased in price by as much as 1.6 million rubles. What, have you already lined up for the price tag to go up again?
However, other crafts from China are not far behind. For example, Otkritie Bank analysts found that Chery Tiggo 7 Pro, Exeed TXL, Changan CS35 Plus crossovers, as well as Geely cars, including Coolray, Tugella and Atlas Pro, have increased in price by 43-60%. Slightly less, the cost of Changan CS75FL (by 24.8%) and Haval Jolion (by 31.3%) increased. Though Chery, Geely and Haval hold commodity fair from time to time and offer their products at deep discounts. But even taking into account bonus programs, the Chinese comrades turned out to be leaders in settling price lists in Russia. Yes, if the market used to dictate the rules of the game to them, now the Asians themselves dictate them to the market.
As for the Koreans who once skimmed the cream, they are also not averse to earning an extra income by cleaning up the dusty remains. For example, crossovers Kia Seltos and Hyundai Tucson increased by 30%, Kia Sportage by 55% and Hyundai Sonata by almost 70%.
Speaking of the premium segment, the price increase averaged 34%. This will affect, among other things, the models that Russians prefer to lease. Thus, according to VTB Leasing specialists, who analyzed the cost of new cars in finance leases concluded at the end of 2022, Mercedes-Maybach led the TOP-3 of the most expensive models. “German” increased in price by 235%! Average – up to 36,000,000 rubles. Second and third place were shared by the Audi A5 and the Bentley Bentayga, which turned out to be 87-88% more expensive. The Gelendvagen, beloved by the Russians, rose in price by 84% – up to 27.3 million rubles, and by 83% the BMW X5 M, whose average price is now 20,700,000 “wooden”, rushed.
Meanwhile, experts predict a slowdown in car price growth across all segments. This is likely to happen after Vladimir Putin demands another report from the Ministry of Industry and Trade while threatening businessmen with his finger. By the way, in neighboring Belarus they have already introduced criminal liability for unauthorized price increases of goods, including cars. Price changes must be coordinated with the authorities. It seems that a similar practice should be adopted in our country. Otherwise, we will not see the end and the edge of a permanent price increase in the country, just as Europe does not see gas.
This year, while maintaining a stable economic situation, we expect the price growth rate to drop to the level of 10-15%, – said Artem Kiselev, Sales Director for Auto Leasing Products at VTB Leasing, on the AvtoVzglyad portal.
Apparently, only AVTOVAZ, satisfying the president, who demanded to fill the country with affordable cars, did not become enraged with the reprinting of price lists. It was the LADA models that increased the least in price. For example, the bestseller represented by the popular LADA Granta has only increased in price by 11% compared to January 2022. Even UAZ, and he increased the price tags for timeless SUVs, which, according to the results of 2022, were “heavier” by 25-30%, and by a few percent in January 2023. It’s sad, but true: a car for a Russian becomes really a luxury and not a means of transport.
Literally tearing apart the Russian car market, the Chinese not only bombarded us with their new products, but also massively raised prices. The crossover Chery Tiggo 8 Pro Max became the most “heavier”, with an added value of as much as 73.4%. If we talk about absolute numbers, then the “Chinese” who believed in himself has increased in price by as much as 1.6 million rubles. What, have you already lined up for the price tag to go up again?
However, other crafts from China are not far behind. For example, Otkritie Bank analysts found that Chery Tiggo 7 Pro, Exeed TXL, Changan CS35 Plus crossovers, as well as Geely cars, including Coolray, Tugella and Atlas Pro, have increased in price by 43-60%. Slightly less, the cost of Changan CS75FL (by 24.8%) and Haval Jolion (by 31.3%) increased. Though Chery, Geely and Haval hold commodity fair from time to time and offer their products at deep discounts. But even taking into account bonus programs, the Chinese comrades turned out to be leaders in settling price lists in Russia. Yes, if the market used to dictate the rules of the game to them, now the Asians themselves dictate them to the market.
As for the Koreans who once skimmed the cream, they are also not averse to earning an extra income by cleaning up the dusty remains. For example, crossovers Kia Seltos and Hyundai Tucson increased by 30%, Kia Sportage by 55% and Hyundai Sonata by almost 70%.
Speaking of the premium segment, the price increase averaged 34%. This will affect, among other things, the models that Russians prefer to lease. Thus, according to VTB Leasing specialists, who analyzed the cost of new cars in finance leases concluded at the end of 2022, Mercedes-Maybach led the TOP-3 of the most expensive models. “German” increased in price by 235%! Average – up to 36,000,000 rubles. Second and third place were shared by the Audi A5 and the Bentley Bentayga, which turned out to be 87-88% more expensive. The Gelendvagen, beloved by Russians, rose in price by 84% – up to 27.3 million rubles, and by 83% the BMW X5 M, whose average price is now 20,700,000 “wooden”, rushed.
Meanwhile, experts predict a slowdown in car price growth across all segments. This is likely to happen after Vladimir Putin demands another report from the Ministry of Industry and Trade while threatening businessmen with his finger. By the way, in neighboring Belarus they have already introduced criminal liability for unauthorized price increases of goods, including cars. Price changes must be coordinated with the authorities. It seems that a similar practice should be adopted in our country. Otherwise, we will not see the end and the edge of a permanent price increase in the country, just as Europe does not see gas.
This year, while maintaining a stable economic situation, we expect the price growth rate to drop to the level of 10-15%, – Artem Kiselev, Sales Director for Auto Leasing Products at VTB Leasing, told AvtoVzglyad portal.
Apparently, only AVTOVAZ, satisfying the president, who demanded to fill the country with affordable cars, did not become enraged with the reprinting of price lists. It was the LADA models that increased the least in price. For example, the bestseller represented by the popular LADA Granta has only increased in price by 11% compared to January 2022. Even UAZ, and he increased the price tags for timeless SUVs, which, according to the results of 2022, were “heavier” by 25-30%, and by a few percent in January 2023. It’s sad, but true: a car for a Russian becomes really a luxury and not a means of transport.
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.
