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27 Января 2018
Foreigners

Every Second Car Is Bought on Credit

Every Second Car Is Bought on Credit
Источник фото: allcars.net.ua

Krasnodar, 27 January – Yug Times. While the prices for some brand-new car models have recently grown up, the market of second-hand cars remains stagnant.

How will the car prices behave this year? What factors may affect the consumer demand? A number of market players have recently published their forecasts for the nearest future.

The Avtostat Analytic Agency was one of the first forecasters. Traditionally, they presented three scenarios, each of which was linked to the oil price that is one of the determining development factors for the Russian economy. The experts consider the intermediate scenario the most probable one — provided a barrel of oil cost USD 65, car sales would grow by 10%.

Most probably, the car producers would try to restrain the prices at the last year’s level. If any price rise would occur, it would not go beyond the inflation level, stated Sergei Tselikov, Director of Avtostat Agency.

“Provided that the Russian currency would remain relatively stable throughout 2018 (at the level of 55 to 65 rubles per dollar) and that rouble would not be devalued, these factors may give the 5 to 7% rise [in the sales].” said Mr. Tselikov.

By the results of 2017, the Krasnodar region was inside the top ten Russian regions as regards the car market volume. Monthly sales equaled to 2,200 cars, with the yearly volume reaching 23,800 vehicles. It is noteworthy that 47.5%, or nearly every second car, was bought with the help of bank credits.

Experts state that Kuban is a highly promising region, and Krasnodar has a huge potential due to thousands of people that relocate to the city every year. They ensure the market turnover and the growth dynamics, which is directly proportional to the inflow of the new residents. It is quite logical that people want to buy a car when they move to live to a new place.

As regards second-hand cars, the market looks stagnant - the trading venues are filled to 40% only — both the buyers and the sellers are coming round after the New Year holidays. Any activity in the market may be expected in April only.


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