Car prices up by 24% in Russia within a year

Car prices up by 24% in Russia within a year

Autostat – According to Autostat’s analysis of price changes in all automobile brands and models sold in Russia between September 2014 – October 2015, vehicle prices have increased by 24% in average in the country.

While the sharpest rise has been observed in January with 7.7%, the lowest increase occurred in February and April, with 4.3%. The prices, which were on the decline between May and August (-0.9%), began to increase again in September. The price rise is expected to continue in October-December period.

The weighted average automobile price has increased by 16.5%, on the other hand. The analysts explain the situation by the shift in the market structure towards cheaper and compact models.