OREANDA-NEWS   The cessation of deliveries from European and American brands caused a shortage of new cars and an increase in their prices in 2022. The remaining inventory will be sold off in the first quarter of 2023, and the cost of new cars will increase by another 10%, interviewed representatives of Russian car dealers told TASS.

"Car prices will rise, there are no prerequisites for their reduction. It feels like they will be about 10% higher than the current levels. The cost of cars will depend on exchange rates and logistics supply chains. The more restrictions appear, the higher the costs of suppliers and the final cost of cars, respectively," said Andrey Olkhovsky, General Director of Avtodom Group.

Speaking about Chinese cars, he admitted that their prices will not decrease either. Most likely, companies from China "will continue to increase volumes and earn profits," the representative of Avtodom believes.