Used Hybrid Car Prices Hit 2.7 Million Rubles

Russian automotive market in flux

According to a recent report, the average price of used hybrid cars in Russia has fallen to 2.7 million rubles (US$40,000). This represents a significant decrease from the average price of 3.2 million rubles (US$48,000) just one year ago.

The decline in prices is likely due to a number of factors, including the economic downturn in Russia, the increased availability of new hybrid cars, and the growing popularity of electric vehicles.

Economic factors

The economic downturn in Russia has led to a decrease in demand for all types of cars, including hybrids. As a result, dealers are offering discounts on used hybrids in order to move inventory.

Increased availability of new hybrids

The increased availability of new hybrid cars is also putting downward pressure on prices. In recent years, several new hybrid models have been introduced to the Russian market, making them more affordable for consumers.

The growing popularity of electric vehicles is also contributing to the decline in prices of used hybrids. As more consumers opt for electric vehicles, the demand for used hybrids is decreasing.