In 2014 the average cost of new cars in Russia increased by 54%. Such data results in the analytical Agency “AUTOSTAT”.
If five years ago the average price of the car was 1 million 1 thousand 600 rubles, for the first 11 months of 2019, this figure amounted to 1 5 million 39 thousand 100 rubles. The main reason of growth of cost of cars was the devaluation of the ruble against other currencies. It happened in 2014-2015, but car prices compensated for it just now.
The cost of new vehicles was also influenced by the increase in VAT, the increase in the recycling fee, inflation and the renewal of the product lines of manufacturers. According to the forecast Director of “AUTOSTAT” Sergey Tselikov, in 2020 the prices of new cars in Russia will grow by 5-7%.
According to analysts, the number of loans the market of the Russian Federation at the present time has reached the pre-crisis 2014. The share of credit cars on the market over 60%. Informed correspondents Znak.com conducted its own market research and found that on the background of permanent fall in real income payments on the loans equal to a mortgage. Because of rising prices, citizens have lower car class.
The Russian car market fell steadily after the annexation of Crimea and ensuing Western sanctions. Sales of new cars fell in 2014 (-10,3%), 2015 (-35,7%) and 2016 (-11%), respectively. In the last two years, despite rising prices, sales of cars grew: in 2017 — 11.9%, in 2018 — 12.8%.
2019 again shows negative dynamics. So, in November, car sales fell 6.4% in October to 5.2% September 0.2% August — 1.3% July — 2.4% in June to 3.3%. The most serious market decline was recorded in may (of-6,7%). In annual terms, sales of automobiles from January to October declined by almost 2.4%.
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