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The secondary car market in Russia is a dynamic area where prices, supply and demand depend on many factors. One of the key ones is the exchange rate, which directly affects the price of used cars. In this article, we will look at how currency fluctuations shape the secondary market, which cars are becoming more affordable and which are becoming less so, and how buyers can use these changes in their favour.
How does the exchange rate affect car prices?
Currency exchange rates, especially the dollar and euro, have a significant impact on the automotive market. Most components for cars, even those manufactured in Russia, are imported, making their cost dependent on currency fluctuations. When the ruble weakens, new car prices rise, which in turn increases demand for used cars, such as the 2019 Audi A6 Avant or the 2024 Nissan X-Trail.
Example: In 2023, the strengthening of the ruble has led to a 5-10% decrease in prices for some used models, such as the Mitsubishi L200. However, when the ruble weakens, aftermarket prices may increase due to higher maintenance and spare parts costs.
Supply and demand in the secondary market
Currency fluctuations affect not only prices but also buyer behaviour. When the dollar rises, many people put off buying new cars such as the LiXiang L9 and turn to the aftermarket. This increases demand for popular models, such as the BMW M8 Competition, and can lead to higher prices.
On the other hand, when the ruble strengthens, imported cars become more affordable, which reduces interest in used cars. This creates opportunities for buyers who can find favourable offers on the secondary market.
Which cars are benefiting from currency changes?
Some vehicle categories are less susceptible to currency fluctuations. For example, locally assembled used cars such as the Nissan X-Trail often maintain a stable price even in the face of strong currency fluctuations. At the same time, premium models such as the Mercedes-Benz G-Class are more sensitive to changes, as their components are often imported.
Tip: If you are planning to buy a used car, keep an eye on currency trends. The strengthening of the rouble can be a good time to buy imported models.
The role of car matching services
Services such as GetCar.ru help buyers navigate the complex conditions of the aftermarket. They offer turnkey car selection services, including legal and technical diagnostics. This is especially important during periods of currency fluctuations, when the market becomes less predictable.
How can buyers take advantage of currency changes?
To minimise the risks and maximise the rewards, follow these guidelines:
- Stay tuned: Currency forecasts help you understand when it's best to buy a car.
- Pick your moment: Buying while the ruble is strengthening can save up to 10-15% on used cars.
- Contact the experts: Services like GetCar.ru can help you find a car that fits your budget and requirements.
Conclusion: Be prepared for change
The exchange rate is one of the key factors shaping the automotive aftermarket. Understanding its impact allows buyers to make informed decisions and find favourable deals. Use the services of professionals like GetCar to secure your purchase and save money. In a volatile market, knowledge and preparation are your best allies.