The expert predicts a sharp drop in prices for used cars in Ukraine by winter
The worsening economic situation and lower incomes of citizens will lead to the fact that many owners will not be able to refuel and service their cars . Therefore, they will try to get rid of the cars as soon as possible.
Prices for used cars in Ukraine may drop sharply by the end of the year. Yuri Gaidai, senior economist at the Center for Economic Strategy (CES), voiced this forecast on his Facebook page.
According to him, 1-1.5 million “extra” cars will accumulate in Ukraine by winter. The owners will be ready to sell them for almost any money.
The reason for the desire to get rid of the car, the economist calls the deteriorating situation in the country. Until the end of the year, the economy will fall by 30%, and the real incomes of citizens will also significantly decrease.
Even according to optimistic forecasts, 10% of car owners will not be able to service and refuel their cars. And this is about a million cars that can be put up for sale.
In addition, hundreds of thousands of cars whose owners have already left Ukraine will appear on the secondary market. Also, do not forget about the thousands of cars from taxi companies, which are now standing on sites in Kyiv and the western regions of the country. According to Yuri Gaidai, only 2% of the entire vehicle fleet of Ukraine was destroyed during the hostilities.
In this situation and in the context of a serious budget deficit, the economist proposes to stop stimulating the import of cars. An exception needs to be made only for vehicles for the APU.