Autostat: in 2024, cars in Russia will rise in price by 10-12%
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In 2024, there will be no stabilization or reduction in car prices in Russia. The rise in prices will be determined by inflationary processes in the economy and government measures to influence the auto industry and the car market in terms of their stimulation, said Viktor Pushkarev, deputy head of the analytics department of the Autostat agency.
According to Pushkarev, automakers are unlikely to strictly control pricing at dealers. Companies will continue to cover all production and logistics costs in order to obtain the maximum possible profit, he is sure.
“For a rough assessment of price dynamics, you can use the dependence of the weighted average price of a car on the official annual inflation rate. For example, in 2022, inflation was 12% and price growth was 29%; in 2023, these figures are projected at 7.5% and 21%, respectively. And if the Russian budget for 2024 shows a forecast for a minimum inflation of 4.5%, then the price increase could be no less than 10-12%,” he said.
To stabilize car prices, a stable ruble exchange rate, a stable and affordable lending rate for at least a quarter, as well as a reasonable recycling fee are needed, said Alexander Shaprinsky, director for development of the Pragmatika dealership network.
Matvey Krylov
2023-12-24 11:41:36
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