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The expert predicted the timing of stabilization of the car market in Russia

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The market for new passenger cars in Russia will stabilize within a few months, said the president of the Union of Auto Experts and Appraisers Oleg Amirov in an interview with Sputnik radio.

The expert noted that the first signs of positive dynamics in the Russian car market appeared in early June. He suggested that it would take several months for the market to stabilize.

“The Russian car market is alive. I think it takes another two or three months for it to stabilize.”Amirov emphasized.

Among the factors contributing to the recovery of the market, the expert highlighted the decline in prices after a sharp jump in March and April. The expert also noted a decrease in the key rate, which made car loans more affordable.

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