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Russians told how expensive cars will be due to rising recycling fees 18:03 - Social Bites
New car prices in Russia will soon increase by 10%. About this reports osnmedia.ru, citing auto expert Igor Morzharetto. "Vehicle sales are likely to be weak in August and September as there are serious concerns that the government will increase the recycling fee this autumn. Also, interest...
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Russians told how expensive cars will be due to rising recycling fees 18:03
By ANIKA
August 6, 2024
New car prices in Russia will soon increase by 10%. About this reports osnmedia.ru, citing auto expert Igor Morzharetto.
“Vehicle sales are likely to be weak in August and September as there are serious concerns that the government will increase the recycling fee this autumn. Also, interest rates on loans are rising. If necessary, you need to buy a car immediately. Prices are likely to go up. Even the most popular cars will see a price increase of around 10%,” he said.
July 16 reportedIn Russia, the recycling fee for cars is planned to be increased by 70-85% as of October 1, 2024. In addition, by 2030, the amount of the recycling fee is planned to be increased by 3.9 times the current amount, increasing the calculation coefficient to 58.62.
How stated The auto market will experience a surge in demand for cars in the near future, says Maxim Kadakov, editor-in-chief of “Behind the Wheel”.
He noted that with the increase in interest rates, sales of vehicles on credit should decrease, as some banks currently offer loans at 27 percent and under some conditions at 30 percent. It all depends on the specific borrower and the specific bank.
Central Bank July 26 raised It raised the basic interest rate from 16 percent to 18 percent annually, while also raising its 2024 inflation forecast from 4.3-4.8 percent to 6.5-7 percent. Expectations for GDP growth this year were also revised upwards from 2.5-3.5 percent to 3.5-4 percent.
Previously, automobile expert Sergei Zinoviev named Six reliable sedans with mileage starting from 350 thousand rubles.
Source: Gazeta