Home » Economy » The most budget cars on the Russian market have been named

The most budget cars on the Russian market have been named

by Alexandra Hartman Editor-in-Chief

2024-01-28 03:45:00

Experts predict an increase in demand for new cars in Russia in 2024, despite rising prices. In 2023, the number of cars purchased in showrooms increased by 2.6 times, and the amount of spending by Russians on cars in December 2023 reached a record 384.7 billion rubles.

Economists note that among budget models, cars such as Lada Granta, Lada Niva, Lada Vesta NG, Changan Alsvin, Geely Emgrand, Kaiyi E5, BAIC U5 Plus are popular. Experts warn regarding the difficulty of setting car prices, and expect that the entry of new players into the market in 2024 might affect the price structure.

The question is also raised regarding the impact of the parallel import mechanism on the Russian car market, and auto expert Nikita Betman foresees possible restrictions on the import of certain brands, which might affect the cost of cars within the country.

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