In October 2024, new cars in Russia increased in price by 2-5%.
Car dealers have raised prices in response to the increase in recycling fees.
Deputy Head of Avilon AG for New Car Sales Renat Tyukteev confirmed that prices for new cars have increased by an average of 3-5%, Kommersant writes.
The increase in recycling fee rates was approved by the Russian government until 2030. The law came into force on October 1, 2024.
The rate for cars, trucks, buses and trailers has increased by 70-85%. Now it will increase annually by 10-20%.
Following this, car dealers began warning buyers about the inevitable rise in car prices.
As a result, according to data as of October 2024, new cars in Russia have increased in price by an average of 2-5 percent.
