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Used cars have fallen sharply in price in Russia
Vladivostok, November 6, FederalPress. Used car prices fell in October 2024. Average price — 2.5 million rubles.
According to TASS, compared to October last year, 41% more used cars appeared on the market. Demand increased by 8.4%.
The most popular brand of used cars is Toyota. Second place goes to Mercedes-Benz, third place to BMW. The top five includes two Korean brands: Kia and Hyundai. The top three most popular models in October included Toyota Camry, Toyota Land Cruiser and Mercedes-Benz E-Class.
In Russia, recycling tax rates have increased significantly since October 1, 2024. For some models, taxes have increased by 70%. From January 1, it will increase again and will continue to increase every year until 2030. Experts are confident that one of the consequences of such an increase in recycling costs is an increased interest in used cars.