Russian automobile dealers are facing a shortage of vehicles

Russian automobile dealers are facing a shortage of vehicles


 

Avtonovostidnya.- Russians continue to purchase automobiles despite the deterioration of the ruble and high price tags, in the expectation of a further upward trend in prices. All of these circumstances have contributed to an unprecedented shortage of vehicles in dealer centres and a situation, where even the previously unpopular models become available only on order.

According to Avto.ru, the shortage in the market has been experienced by almost 90% of enterprises and a 60% year-on-year shrinkage has been observed in the warehouse stocks of the dealers, as calculated by Autospot.

“The whole situation is reminiscent of the chaos of 2014, when people made a rush for household appliances, televisions, properties and of course automobiles. The current shortage of vehicles seem very similar to the events of 6 years ago” – as stated by RIA Novosti.

According to JATO Dynamics, 38 out of 48 brands have increased their prices within the short period between August and October, some going as far as tripling their price lists. Chinese crossovers FAW and Changan have applied the most increase, by 14% and 8% respectively, followed by car giants Renault (4-5%) and Skoda (2-7%), along with the premium brands Audi, BMW and Mercedes-Benz (4-5%).

Meanwhile, almost 90% of the aforementioned passenger cars are manufactured in Russian factories, albeit depending on imports one way or the other.

“For that reason, price rises are inevitable. The situation mainly had an effect on Lada and UAZ, pushing the products of the enterprises up by 6% and 11% respectively. As a comparison, the prices of Hyundai vehicles have risen by 4% and KIA by 5%” – as reminded by the associate professor of the Faculty of Entrepreneurship and Logistics at the G. V. Plekhanov Russian University of Economics Yuri Saginov.

Auto dealers, on the other hand, have given a warning about another imminent increase in car prices, by 2-3%, due to the devaluation of ruble, which will also have a gradual effect on manufacturers.