OREANDA-NEWS By the end of July 2024, the average price of a used car in Russia decreased by 2.7 percent compared to the June figure and fell to the level of 1.51 million rubles. This is reported by Autostat with reference to its own statistical data.

The agency noted that the average cost of a used car in the country has been decreasing for the fifth month in a row — since March. However, in July, the decline in the indicator turned out to be the strongest.

Prior to that, the maximum rate of decline in the average price of a used car was 1.6 percent. Analysts recorded a similar trend in April. At the same time, in annual terms, the indicator, on the contrary, increased slightly — by a percentage, or by 15 thousand rubles, experts summarized.

Against the background of a gradual decrease in average prices for used cars in Russia, the demand for such vehicles is growing. So, in June 2024, the demand for used cars in the country, according to the agency Autostat, increased by 9.6 percent compared to the same period in 2023. On a monthly basis, the indicator increased by 5.7 percent.