Prices for new cars in Russia are moving towards pre-crisis levels and, in theory, could return to them before the end of 2022, as evidenced by the latest data from the Avtostat agency.
The average cost of a new car in January-May decreased to 2.38 million rubles. By the end of May, new cars had fallen in price by 7% compared to April and by 15% compared to March, when the price soared to a record 2.8 million rubles. In January, the average price was 2.09 million rubles. It remains to fall in price by another 290 thousand rubles, or 12.2%, in order to return to the pre-crisis level.
It is important to note that Avtostat indicates the manufacturer’s recommended retail prices (RRP), which do not include various dealer “cheats”, additional goods and services. They can increase the final price by 10-30%.
According to Avto.ru, in June, new cars became cheaper by 25% compared to March, reducing the gap from January to 20%. Avito claims that the price increase did not stop in June.
Recall that the story of tens of thousands of cars that were found at the logistics terminals of importers in the Moscow region, was continued. Now it is said that all these cars can be sold out in just a month.