Russia's New-Car Prices Hit Record as Used Market Diverges in October

Overview

• Avtostat reports the weighted-average price of a new passenger car rose 8% year over year in October to 3.43 million rubles, the highest level in its more than 25 years of tracking.
• The agency estimates the weighted-average price of used passenger cars reached a record 1.23 million rubles in October, up 2.5% month over month and 3% year over year.
• Auto.ru finds the average price of used foreign-brand cars fell more than 3.5% in October to 2.08 million rubles, with Chinese brands down nearly 4% to 2.0 million and European, Japanese and Korean models down 3% to 2.19 million.
• Prices for used cars of Russian brands were essentially unchanged at about 690,000 rubles, while nearly 70 regions saw declines, led by Vologda (-9%) and Yaroslavl and Kaliningrad (both over -6%).
• Moscow remained the priciest used-car market at 2.57 million rubles after a 3% monthly drop, and Avtostat notes long-run gains exceed 70% since 2021 and at least 100% over five years, with the January–October used-car average at 1.16 million rubles (-0.9% year over year).