Growth of average prices for new vehicles exceeded 60% for 5 years

According to AUTOSTAT analytic agency, the growth of average prices for new vehicles has exceeded 60% for the past five years.

We should remind that the prices of new vehicles began to grow rapidly in Autumn 2014. This was primarily due to the ruble devaluation against the major world currencies. In 2019, another significant factor in the growth of vehicle cost was the increase in VAT.

We should also mention that the average price of a new vehicle in the Russian market was 1,518,700 rubles in the first half of 2019, which is 10% more than in the first half of 2018 (1,383,000 rubles).