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Russia’s New-Car Prices Jump 4% in September to 3.34 Million Rubles

Autostat points to a sales mix tilting toward costlier global brands.

Overview

  • The weighted-average price of a new passenger car reached 3.34 million rubles in September, up 4% from August and 6% year over year.
  • The average price on the used-car market fell to 1.14 million rubles, 1.5% lower than in August.
  • Autostat attributes the increase to reduced autumn discounts, a smaller share of last year’s cheaper models, and shifts toward alternative supply channels.
  • Registrations of global marques including Toyota, BMW, Mercedes-Benz, Mazda, Skoda, and Volkswagen rose, elevating the market’s average transaction price versus predominantly RussianChinese offerings.
  • Agency director Sergey Tselikov forecasts further new-car price gains in October and expects used-car prices to stabilize.