In a few months, AvtoVAZ could raise the prices of its cars again to the level of accumulated inflation. This could happen already in the fall of 2024. This was told to RBC by the director of the company, Maxim Sokolov.
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According to Sokolov, this stage of indexation is planned and can be carried out depending on inflation throughout the year, like all companies operating openly on the market or monopolistic companies.
“And since in May we indexed slightly below the inflation accumulated over the last period since the fall of last year, then, accordingly, in the fall we will carefully re-analyze this issue and return to this topic,” says Sokolov.
Let’s keep in mind that a month ago AvtoVAZ already rewrote the price tags of its models. Cars have risen in price by an average of 50 thousand rubles. The previous increase occurred in the fall of 2023.
It is also known that in May the cost of cars increased by about 3% or even less. And the budget models haven’t gone up in price at all. About 70% of Lada cars are sold on credit, and therefore the influence of the Central Bank’s high interest rate on demand also affects demand, “but to a greater extent it affects production costs.”
We previously wrote that the price increase for Lada cars will not affect the base models Granta and Vesta.
Author:
Nikolai Tikhonov
Source: RB
I am a professional journalist and content creator with extensive experience writing for news websites. I currently work as an author at Gadget Onus, where I specialize in covering hot news topics. My written pieces have been published on some of the biggest media outlets around the world, including The Guardian and BBC News.
