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EUR 74.90

18 November, Sunday

Ufa   °

New cars have risen in price in Russia

Economy/Business

UFA, 5 September 2018. /Bashinform News Agency, Natalia Ovcharuk/ translated by Tatiana Aksyutina/.

Five auto groups — GM, Land Rover, Ford and Mazda — are raising prices for new cars. The growth will be from 1 to 5 percent, according to Vedomosti. Analysts explain the rise in prices by several factors: an increase in utilization and excise duties, an increase in VAT, a fall in the ruble against the dollar and the euro.

While not all automakers are raising prices: in particular, LADA, Renault and Nissan decided not to do this. However, representatives of companies noted that the cost of cars "will have to be raised a little", if the European currency reaches 79 rubles.

Tags: cars, price, increase
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