Car prices to rise in Russia

Car prices to rise in Russia

The analyst agency Avtostat published today a forecast of the car prices growth in Russia in 2019 by 12%, which, according to the car dealers, will be caused by a number of factors, including the VAT increase, the rise of the spare parts prices and sanctions.

“Of course, it is possible that this year the price increase will occur according to a scenario different from the previous periods. In this regard, a slowdown in sales growth may influence the work of manufacturers, ” Pragmatics Group of Companies says.

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