Prices for used cars are not rising (and, taking into account inflation, they are falling), while they have aged dramatically. This is a sure sign of the crisis that has gripped the Russian car market - people are getting rid of old cars less and less and, accordingly, do not buy new ones. Consumers have taken a "waiting attitude".
What happened. For six months, used cars in Russia have risen in price by a symbolic 0.1% on average and now cost 575 thousand rubles, follows from a study by Avto.ru.
Read also 'No good news': car sales collapsed
Marks.
Body. The most common body type in Russia, as in most developing countries, remains the sedan, both in terms of share in demand and in supply. Next come cars in the SUV segment (crossovers and SUVs) and hatchbacks.
Context. According to official statistics, car sales in May fell by 6.7%, but in reality the fall could be much deeper - up to 18%. The last time the car market fell at a comparable pace was in the summer of the crisis year of 2016. This is due to the decline in real incomes of citizens and especially the middle class. Read more about this here .