The Ministry of Industry and Trade of the Russian Federation expects that the situation with prices on the car market will improve during the year. This was announced on Tuesday, July 5, by the head of the department, Denis Manturov.
“Now the price, on the contrary, is stabilizing, it has not decreased significantly, because there is inertia regarding the purchased materials, raw materials and components. The car production cycle takes about 3-4 months, so just what was purchased in January, February and March is now entering the market, ”he said in an interview with “RIA News”.
The interlocutor of the agency recalled that the rate, which was in February, is significantly different from today. Therefore, in order not to incur losses, companies will smoothly “stretch” the price change over the year, taking into account the gradual recovery of the market.
According to Manturov, the management could keep the maximum prices “until the last”, but this is unprofitable in terms of sales. In this regard, he emphasized the need to adapt to changing circumstances.
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