Russian car dealers and private sellers have raised the cost of cars for sale by 10% - this is a consequence of the decline in the value of the Russian currency against the dollar and euro in March and April 2023.
«The growth of exchange rates against the ruble has a direct effect on price dynamics. If we are talking about parallel imports, then prices change instantly. Over the past two weeks, prices have risen by 10%,» said Renat Tyukteev, retail sales director of the Avilon automotive group.
Dmitry Rogov, the founder of RogovMobile, who specializes in delivering cars from South Korea, Japan, Europe and the USA, agrees with him: «Cars brought from abroad have increased in price in proportion to the decrease in the ruble exchange rate, including those that are already in Russia, because if you sell them cheaper, you won’t be able to buy new ones. The dollar has risen by 10%, and prices have risen by the same amount».
Since the beginning of March, the Russian currency has weakened against the US dollar by about 10%: if on March 1 the exchange rate of the Central Bank of the Russian Federation was 74.9 rubles per US dollar, then on April 11 the official exchange rate increased to 82.2 rubles per dollar.
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