Experts told when used cars will get cheaper
- April 29, 2022
- 0
In April, the situation in the Russian used car market was, if not stabilised, no longer full of the panic that prevailed in late February and early March.
In April, the situation in the Russian used car market was, if not stabilised, no longer full of the panic that prevailed in late February and early March. The AvtoVzglyad portal found out when the used cars will finally be cheaper.
The exorbitantly “inflated” prices forced buyers to delay or abandon the purchase altogether, analysts at RGS Bank and Otkritie Bank said. Some Russians chose cars of a class lower or older. As a result, both private sellers and dealers became more willing to distribute discounts. So in the first weeks of April, car ad prices fell by 10-12%.
Another trend of the new era is that almost all official dealers have been forced to switch to the business of used cars. Moreover, with the growth of unemployment, the number of resellers in the market is also growing. About 220,000 people now work in this area! Last year, this figure did not exceed 160-170 thousand.
Increased competition will force private sellers and legal entities to reduce their profitability. At official dealers in March-April of the current year it was about 25-30%. All this gives hope for further price reductions. However, the final conclusions may be a little later.
The exorbitantly “inflated” prices forced buyers to delay or abandon the purchase altogether, analysts at RGS Bank and Otkritie Bank said. Some Russians chose cars of a class lower or older. As a result, both private sellers and dealers became more willing to distribute discounts. So in the first weeks of April, car ad prices fell by 10-12%.
Another trend of the new era is that almost all official dealers have been forced to switch to the business of used cars. Moreover, with the growth of unemployment, the number of resellers in the market is also growing. About 220,000 people now work in this area! Last year, this figure did not exceed 160-170 thousand.
Increased competition will force private sellers and legal entities to reduce their profitability. At official dealers in March-April of the current year it was about 25-30%. All this gives hope for further price reductions. However, the final conclusions may be a little later.
Source: Avto Vzglyad
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.
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