The authorities have devised a way to halt the rise in car prices
April 17, 2023
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Abrupt changes in global economic parameters, such as exchange rates, are always most painful for ordinary citizens. Including car owners. The AvtoVzglyad portal found out how officials plan
Abrupt changes in global economic parameters, such as exchange rates, are always most painful for ordinary citizens. Including car owners. The AvtoVzglyad portal found out how officials plan to avoid price spikes in the future, such as what happened in March-April 2023.
According to various estimates, new cars in Russia have increased in price by almost 10% in the past month. In the used car market, the situation is not changing as quickly as in the new sector, but here too the growth will certainly be more than noticeable – if analysts reckon. As for the various brands and models of new cars presented on the domestic market, recently they have increased in price by several tens, and some hundreds of rubles.
The reason for what happened (and is happening) importers unanimously call the rapid depreciation of the Russian currency. They say: up to the ruble – down, so prices – up. So to say “we have nothing to do with it, it’s all ruble’s fault” as contracts with foreign suppliers are issued in the currency. This, by the way, again raises questions about the government: who still prevents the government from obliging Russian companies to trade with counterparties from their other countries, either in rubles or in their national currency – and categorically avoids “coupling” to the dollar in contracts.
Be that as it may, but in connection with this a reasonable question arises: what misfortune this time brings down the ruble on the stock exchange by ten percent at once? Usually we hear from market analysts a general explanation: the demand for the coin has increased enormously. They began to buy it – water and the dollar rose in price against the euro! Yes, but where does this very big question come from?
The biggest suspicion in this sense is the international oil company Shell. Some time ago, President Vladimir Putin personally gave her permission to completely close the Russian company and sell the British 27.5% of the Sakhalin-2 gas project. The cost of this package was estimated at 95 billion rubles. Foreigners do not need rubles, and they sold their shares in Sakhalin to Russian Novatek for foreign currency – about 95 billion rubles – more than 1 billion dollars.
Which were bought in the shortest possible time on the Russian currency market. Actually, it was this operation that formed the aforementioned “increased demand” for dollars / euros, as a result of which the ruble fell and again inflated car prices in Russia. The government noted the “lawlessness” that had recently reigned in the country’s market and decided to insure against it in the future.
Now, it turns out, the Central Bank and the Ministry of Finance are creating a mechanism for a “monthly cap” on the purchase of foreign currency in the domestic market – especially for companies that leave Russia and sell their properties and assets here. Thus, writes Vedomosti, it will be possible to prevent the ruble from collapsing as a result of actions in the mind of Shell. As well as the jumps in the cost of new imported cars caused by it.
globallookpress.com’s photo
According to various estimates, new cars in Russia have increased in price by almost 10% in the past month. In the used car market, the situation is not changing as quickly as in the new sector, but here too the growth will certainly be more than noticeable – if analysts reckon. As for the various brands and models of new cars presented on the domestic market, recently they have increased in price by several tens, and some hundreds of rubles.
The reason for what happened (and is happening) importers unanimously call the rapid depreciation of the Russian currency. They say: up to the ruble – down, so prices – up. So to say “we have nothing to do with it, it’s all ruble’s fault” as contracts with foreign suppliers are issued in the currency. This, by the way, again raises questions about the government: who still prevents the government from obliging Russian companies to trade with counterparties from their other countries, either in rubles or in their national currency – and categorically avoids “coupling” to the dollar in contracts.
Be that as it may, but in connection with this a reasonable question arises: what misfortune this time brings down the ruble on the stock exchange by ten percent at once? Usually we hear from market analysts a general explanation: the demand for the coin has increased enormously. They began to buy it – water and the dollar rose in price against the euro! Yes, but where does this very big question come from?
The biggest suspicion in this sense is the international oil company Shell. Some time ago, President Vladimir Putin personally gave her permission to completely close the Russian company and sell the British 27.5% of the Sakhalin-2 gas project. The cost of this package was estimated at 95 billion rubles. Foreigners do not need rubles, and they sold their shares in Sakhalin to Russia’s Novatek for foreign currency – about 95 billion rubles – more than 1 billion dollars.
Which were bought in the shortest possible time on the Russian currency market. Actually, it was this operation that formed the aforementioned “increased demand” for dollars / euros, as a result of which the ruble fell and again inflated car prices in Russia. The government noted the “lawlessness” that had recently reigned in the country’s market and decided to insure against it in the future.
Now, it turns out, the Central Bank and the Ministry of Finance are creating a mechanism for a “monthly cap” on the purchase of foreign currency in the domestic market – especially for companies that leave Russia and sell their properties and assets here. Thus, writes Vedomosti, it will be possible to prevent the ruble from collapsing as a result of actions in the mind of Shell. As well as the jumps in the cost of new imported cars caused by it.
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.