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HomeLatest NewsUsed cars in early July began to rise sharply KXan 36 Daily...

Used cars in early July began to rise sharply KXan 36 Daily News

Date: June 25, 2024 Time: 14:56:19

As stated in the study “Opening Auto” (a block of the car business of the “Opening” bank) based on data from Haraba, which is available to “Rossiyskaya Gazeta”, throughout May and most of the first month of summer. , there was a relative calm in the price dynamics of used cars. For the most popular cars, list price corrections did not exceed the 2-3% range. And yet, the depreciation of the ruble against major currencies that began on June 24 quickly led to the fact that some popular European foreign cars already managed to add 3.2-4.2%.

Thus, the average prices for BMW 3-series sedans managed to grow most actively among all others. According to the results of June, they began to order an average of 3.82 million rubles for this car – 145 thousand or 4.2% more than in May. Another Bavarian crossover X5 entered the top 3 of the most expensive models. Its price scale is traditionally higher, so the price increase has already amounted to almost 280 thousand rubles (+3.2%); now “X-fifth” costs an average of 8.87 million rubles. The still in high demand Skoda Octavia also appeared in such a representative campaign, the price of which reached 1.96 million rubles, at 71.7 thousand rubles or 3.2% more than in May.

Prices rose by a range of 1-2% for the Mercedes-Benz E-Class, Mazda CX-5, Renault Duster, Mitsubishi Outlander and Toyota Land Cruiser 300. Of these, the Stuttgart sedan and crossover from the French brand continued gradually going up. in price throughout the current year. This is due to the fact that these machines have practically no analogues that are imported into Russia from foreign markets. While the prices of “Japanese” used cars were observed multidirectional dynamics for all months of the current year. The market for them is highly dependent on supplies from the United Arab Emirates, which are not always stable.

A dozen other popular models, among which the Hyundai, Kia, Volkswagen, Nissan and Toyota crossovers, traditionally in demand in Russia, have become firmly established, were sold in June at almost the same prices as in May. Only the Hyundai Tucson played a separate role here – in the spring of these crossovers an unusually large number were imported through parallel import channels. This saturates the market for new cars quite well, prices for new “three years” with mileage have also been adjusted downwards (up to 3%).

And finally, another important event in June on the Russian used car market is the fact that at the beginning of the second half of the year there were only two models left, which are cheaper than a year ago. These are the BMW 3 Series and Toyota Land Cruiser 300. At the same time, there is also an anti-record: the average price of a three-year-old Mitsubishi Outlander approached 3 million rubles. This is almost a quarter more than in June 2022, when this model was present on the market mainly only in trim levels that were produced at the plant near Kaluga.

Overall, 13 of all models in the price bracket managed to move up in price, with seven virtually maintaining their previous price tags. However, on July 4, the euro exchange rate on the Moscow stock exchange for the first time since March 2022 exceeded 98 rubles. And if in the new car market the process of rising prices will probably stretch throughout the summer, then in the used car sector the price dynamics traditionally develop more spectacularly. For several European and Japanese models, in the first days of July, an increase in the appetite of sellers of 8-10% was recorded. And it seems that this is only the beginning of the process of another rise in ruble prices, the final height of which will be limited only by the current low purchasing power.

* This website provides news content gathered from various internet sources. It is crucial to understand that we are not responsible for the accuracy, completeness, or reliability of the information presented Read More

Hansen Taylor
Hansen Taylor
Hansen Taylor is a full-time editor for ePrimefeed covering sports and movie news.

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