CarPrice service experts conducted a study to find out why Russian citizens sold their cars in 2022 on the secondary market. As a result, it turned out that cases of selling cars have become more frequent in the country due to the need for their owners for money. ” alt=”In Russia, cases of car sales due to the need for money have become more frequent” />
Experts analyzed more than 250 thousand auctions for the purchase of vehicles from January 2020 to November 2022. After the work done, it became known that the number of cases of car sales due to the need of their owners for money increased by 25% to 34% of the total sales in the secondary market. At the same time, the average cost of a non-luxury used car increased by 13.7%. Most often, Russians sell foreign cars Ford Focus, Hyundai Solaris and Kia Rio in the secondary market.
The average cost of premium used cars decreased by 6% over the year. Most of all in the secondary market of the Russian Federation among the advanced foreign cars noticed BMW X5 and Mercedes-Benz GL. Approximately 8% of study participants abandoned personal transport during the pandemic. More often than others, after the sale of an old car, residents of Moscow and St. Petersburg did not acquire a new one.