Dealers reported that the average price increase ranged from 4% to 20% in some cases. Despite this, many automakers have not yet fully reflected the changes in the economic situation in prices, trying to keep them at an acceptable level. There are discount programs on the market, which indicates a careful attitude to pricing in a highly competitive environment.
The increase in car prices began on August 1 due to an increase in the recycling fee and exchange rate fluctuations of the ruble. This led to an update in retail prices for 127 vehicle trim levels, while in July only 52 trim levels increased in price.
Some Russian manufacturers, such as Lada and UAZ, increased prices for individual trim levels and models. Additionally, brands including Haval and Chery raised prices twice in August and September. Dealers expect the upward price trend to continue in the coming months as manufacturers gradually incorporate new costs into prices to minimize the impact on sales and profitability.
