Car dealers plan to refuse to supply European, Korean and Japanese cars to Russia due to unprofitability

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Stocks of European, Korean and Japanese best-selling cars are running out in the warehouses of Russian car dealers. Dealers expect another price increase against the background of increased scrap collection, so they plan to switch to pre-order. This is reported by "Autonews" with reference to market participants.

Dealers report that they are selling off leftovers purchased at the old prices. The running gear of Toyota, Kia Sportage, BMW  on the Russian market are already in the region of 4-5 million rubles.Starting from the new year, another price increase of up to 15% is expected. This is indicated by three factors at once: an increase in the key rate, a weakening of the ruble exchange rate and an increase in scrap collection. In October, against this background, sales of new cars increased by one and a half times year on year.

Market participants expect a shortage of cars from unfriendly countries, as their sale becomes economically unprofitable due to the projected increase in cost. Dealers plan to work on these brands by pre-order, which will make the service premium, and European, Korean and Japanese models of the mass segment will move to the premium category.