Cars have fallen in price in Russia due to market glut. The results of a study by Otkritie Bank and the Autohub company have been published

by alex

Chinese models fell in price the most

The most popular models of Geely, Chery and Haval, due to market glut, have become significantly cheaper in Russia, as stated in a study by Otkritie Bank. and the company «Avtohub».

At the end of May, sellers began offering 5 models of the Geely, Chery and Haval brands at 5-9% cheaper. The Geely Monjaro all-terrain vehicle showed the largest decrease both in percentage terms and in absolute terms. It seems that the abundance of new Chinese cars, offered with significant support from importers, has begun to influence the appetites of sellers of Chinese cars in the secondary segment.

Excerpt from research

Experts noted that the market as a whole has stabilized, and 13 models from the list of 20 bestsellers fell in price by an average of 2-5%.

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Lada Niva in May began to cost 4% less than in April, and Korean bestsellers represented by Kia Rio, Hyundai Solaris and Creta lost 2-3% against the backdrop of the release of their clones under the Solaris brand.

«However, the first days of June have already shown that buyer activity was slightly higher compared to May. The news background about another imminent increase in the recycling fee again creates the urgency sellers need. This means that the barely emerging fragile price stability may be disrupted. The question remains whether this will happen in the summer or closer to the traditional autumn surge in sales», — experts added.

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