At the same time, by the end of 2021, the number of such vehicles was less than 27.2 million units.
To rejuvenate the vehicle fleet, more than 2 million cars must be sold each year. Industry experts warn that if the trend continues, the average age of cars will soon exceed 16 years.
Demand for cars is expected to fall in the second half of the year due to the Central Bank’s decision to raise the key rate from 16 to 18 percent.
The Russian Ministry of Industry and Trade is also preparing to introduce a long-term indexation scale for the tax on car scrapping until 2030. The first tariff increase is expected on October 1, 2024 and will average 70-85%. An increase in scrapping rates will mechanically increase the prices of imported new cars.
At the same time, Chinese companies have every chance to, if not double last year’s sales results, then come close to it and, for the first time in the history of the Russian Federation, sell about a million new cars.
