Izvestia: the cost of auto parts in Russia has increased by 78% since the beginning of 2024
Since the beginning of 2024, the cost of automobile parts in Russia has increased by an average of 78 percent. About the sharp increase in the cost of components reports newspaper Izvestia with reference to data from insurance companies.
According to Renaissance Insurance analysts, components for American brands have risen in price over the past two years by 122 percent, for Korean brands – by 55 percent, and for Chinese brands – by 60 percent, experts said. In turn, prices for spare parts for European cars have almost doubled on average during this time.
The record holder for the cost of repairs is Skoda. Prices for auto parts for this brand soared by 264 percent. Other VAG brands demonstrated similar rates. We are talking about cars from Volkswagen, Audi, SEAT, Bentley, Bugatti, Lamborghini and Porsche. Parts prices for these brands have increased by an average of 260 percent over the past few years.
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According to Yuri Strekalov, director for portfolio development of OSAGO Rosgosstrakh, the leader in the increase in the cost of components in the period from January 2022 to September 2024 was Volkswagen (plus 114.5 percent). The second place was taken by the Audi brand (plus 102 percent), and BMW closed the top three (plus 86.5 percent). The top 5 also included Skoda (plus 84.5 percent) and Mercedes-Benz (plus 84 percent).
Earlier it was reported about a sharp increase in the import of counterfeit auto parts into Russia. Recently, their share in the domestic market has reached its highest level since 2007. At the same time, not only small players, but also large sites are engaged in sales of counterfeit products, and the cost of counterfeits is often comparable to the prices of original components.
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