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Now the prices for cars in Russia will decrease

The head of the Ministry of Industry and Trade of the Russian Federation, Denis Manturov, said that the situation with car prices in Russia is gradually stabilizing, and during the year the price tags will gradually decrease.

Now the price, on the contrary, is stabilizing, it has not decreased significantly, because there is inertia regarding the purchased materials, raw materials and components.

Denis Manturov

He recalled that the production cycle of cars takes about 3-4 months, and now “what was purchased in January, February and March” is entering the market.

If we recall the rate that was in February and compare it with today’s, it differs significantly, by a factor of two. Therefore, in order not to incur losses, companies will smoothly “stretch” the price change over the year, taking into account the gradual recovery of the market.

Denis Manturov

According to him, it is unprofitable for producers to keep high prices “to the last”, as this will lead to a decrease in demand. The minister believes that this will force companies to adapt to market demands: “To make all changes softer, we took measures to support demand.”
According to the latest data, car sales in Russia grew by almost 20%.
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