The expert named the key factors of lower prices for used cars

Prices for used cars can only decrease if demand for them drops. For this reason, seasonal price fluctuations also occur. A lot depends on the brand and model, which is why the most liquid options, due to limited supply, are not susceptible to downward fluctuations in value, Maxim Agadzhanov, Managing Director of Alfa-Leasing Group, told Izvestia on April 12.

"Often a car is not purchased for the price for which it was offered for sale — the owner, having assessed the level of demand for his copy, can make concessions. And such concessions are likely in late spring, before the summer downturn in demand and sales," the expert explained.

According to him, a decrease in demand should not be expected, as more and more people who previously aimed to buy a new car are coming to the secondary market.

"High prices and interest rates on loans force buyers to enter the used car market. The discounts that dealers are offering today cannot keep all potential customers. This keeps demand at a high level, which does not allow us to hope that used cars will become more affordable by the end of spring," Agadzhanov summed up.

Last year's snow: new car sales halved in March

Why has the purchasing activity of Russians decreased?

Earlier, on March 10, Director of Development and Sales of Avto.<url> Business Daniil Shkurygin explained that one of the main reasons for the decline in new car sales in Russia this winter was the high interest rates on loans. In addition, banks have new responsibilities to create reserves in case of possible risks associated with non-fulfillment of loan obligations by borrowers.