In 2024, Russians set a record for spending on used cars, spending 7 trillion rubles, which is 19% more than the previous year. This data is provided in a joint study by Gazprombank Autoleasing and the Autostat agency. The main reasons for the growth were an increase in the average weighted price of 13% and an expansion of the secondary market by 6%.
The largest expenses were for cars older than 10 years – 2.76 trillion rubles (+28.2%), whose share increased to 39.8%. Models from 5 to 9 years old occupied 31.5% of the market (2.19 trillion rubles), while demand for cars younger than 5 years decreased to 28.7%.
This happened for two main reasons: their average weighted price increased by 13% over the year, and the volume of the secondary market increased by 6%.
The surge in popularity of used Chinese cars is especially noticeable – 273.2 billion rubles (+130% compared to 2023). Russian brands also showed growth (622.5 billion rubles, +41.3%), and Korean brands maintained demand (1.04 trillion rubles). At the same time, the share of Japanese and European brands decreased slightly (from 33.7% to 31.3%).
The greatest demand has shifted towards cars older than 10 years, while the share of cars younger than 5 years has decreased. The growth in sales of Chinese brands and Russian models is clearly visible. The trend shows that the secondary market continues to play a key role in the automotive sector in Russia.
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