With Russia's imminent implementation of measures to restrict parallel imports, the auto market is experiencing an unprecedented rush to buy.
According to Ilya Gonzulevsky, an expert at the DSS Group of the Russian Federation's automotive selection network, demand for not only high-end models, but almost all imported cars surged by about 30 in February. This surge in demand has led to a shortage of cars, even the economy car "Lada" has not been spared. This trend is further confirmed by official statistics from the Ministry of Industry and ** of Russia. The data shows that Russians bought 30 more passenger cars and light commercial vehicles in February than in January, with a staggering 82 year-on-year growth.
The reason behind this rush is the upcoming implementation of the Harmonized System for Risk Management in the member states of the Eurasian Economic Union, which will begin on April 1. This system will put an end to the practice of importing cars into Russia with lower tariffs, resulting in the import of cars **on April 1** about 30. In fact, at the beginning of March, the import of cars through the countries of the Eurasian Economic Union had stopped. In three days, almost all vehicles in Kyrgyzstan and Belarus were snapped up, where there were no longer vehicles for sale, and imports from further afield abroad became impractical.
Market experts** that from April 1, SUVs currently priced at 3 million rubles will be ** to 4 million rubles, and 7 million rubles for vehicles - to ** 10 million rubles.
In order to cope with the upcoming shock, some dealers have begun to prepare to raise prices in advance. For example, a gradual increase is planned to begin in March to 15 March, and then increase by 10 until 30 March to avoid a sharp increase on 1 April.
In the spring of 2022, Russia began to implement a parallel import model, allowing importers to import cars without authorization from the manufacturer. This policy is aimed at meeting the demand for urgently needed foreign goods, including automobiles. However, since October 2023, the relevant policies have been gradually tightened.
Summarize overseas** reports.