Russians spend 25% less money on new cars

21 July 2015 (13:25)

UrBC, Moscow, July 21, 2015. Russians spent 852.8bn RUR on new cars in the first half of the year, which was 25% less than a year earlier, Avtostat reports.

735,200 new cars were sold on the market (down 37% compared with the first half of 2014). The weighted average price of one automobile rose by 18% in the last six months and came to 1.16m RUR. For Russian cars, the price increase was 13% (up to 477,500 RUR), for foreign ones, the increase was 21% (up to1.332m RUR).

Avtostat Director Sergey Tselikov says prices are unlikely to keep going up in the short to medium turn, while the second half of the year will probably look much the same as the first one.

‘According to our forecast, 1.5m new cars will get sold in the year 2015 altogether, with the average price at more or less the current level. So Russians will spend some 1.7 trillion RUR on new automobiles this year,’ he says.

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