Nine car brands raised car prices in Russia by the end of January

In Russia, prices for almost all “official” cars have skyrocketed since January 1.

However, towards the end of the month, the market was hit by a second wave of price increases.

The Chinese premium brand Hongqi has rewritten the price lists for most of its cars in Russia - prices have increased significantly.

Similarly, measures to stimulate sales for models H5, HQ9, HS3, HS5 and HS7 have been discontinued - discounts that ranged from 1.09 to 2.19 million rubles depending on the configuration are no longer provided.