Chinese car discounts in Russia reach up to 1 million rubles

New Chinese cars in Russia are seeing significant discounts, ranging from 150,000 to 1 million rubles. This price drop is due to dealer and importer stockpiling, which is costly to maintain with high interest rates. Automakers are trying to clear out their inventories, leading to these price cuts. Experts believe that discounts will last until mid-summer, until stocks are reduced and demand picks up again. However, there are predictions that prices for new imported cars will likely increase after this period. The majority of discounts are offered not due to changes in price lists, but through special deals from manufacturers and dealers. Popular brands like Haval, Chery, and Geely are included in the discount trend. According to market participants, discounts can reach up to 500,000 rubles on average and sometimes even hit the 1 million ruble mark. Dealers are cutting prices to minimize losses, as keeping cars in stock brings significant monthly costs. The Russian ruble's strength against the yuan has also contributed to the price drops, as many brands are taking advantage of the situation to sell off existing inventory. Currently, discounts on new Chinese cars average between 300,000 to 500,000 rubles. The weighted average price for a new passenger vehicle has decreased by about 4% since December 2024. Experts recommend visiting dealerships to negotiate, as conditions may change quickly. Analysts predict that these discounts will continue until stocks are emptied. As the summer approaches, the variety of available models is expected to decrease, and new shipments may come at higher prices. There is no expectation for a drop in official price lists; instead, prices are likely to increase due to costs that are not fully reflected in car pricing.