Car dealers in the Russian Federation warned of rising car prices until the end of 2023

“By the end of 2023, sales levels will largely depend on external factors. The price of both domestic and officially imported cars is expected to rise by 10-20%, — noted Terlyukevich.

According to it is expected that potential sales of new cars in Russia in during the whole of 2023 could amount to 1 million units, which is 25% more than last year.

General Director of the Group of Companies«Avtodom» Andrey Olkhovsky also noted that prices for a number of models have already increased by 12-16%. At the same time, manufacturers and dealers continue to offer promotions and discount programs, since price changes do not affect them. There are plans to make further adjustments to vehicle prices in September and October, and importers will absorb the new costs, but they intend to do so in a way that will minimize the impact on sales and profitability.