13% surcharge abolished - whether cars cheaper?

Written by admin on September 7th, 2009

Experts believe that after the abolition of 13% increments to 10% duty on cars, massive drop in prices for cars we should not expect. Thus, as reported AutoNews.ua, experts note that the reduction of tax pressure is not much impact on the market.

From a consumer perspective this situation seems strange. The logic of tax reduction makes it possible to reduce the prices that the period of falling sales is very important, - notes the portal.

Experts say that in fact, it turns out, 13% surcharge, almost no one paid, and its removal will not substantially affect the value of cars in Ukraine.

fact, as noted AutoNews.ua, that before the introduction of 13% allowance (entered into force on 6 March last year) the importers managed to maintain a sufficient number of cars. Until now stores many dealers are suffering from an excess of goods.

On March 6, 2008 to September 6, 2009 car imports fell 27 times, said the director of the All-Ukrainian association of automobile importers and dealers (VAAID) Oleg Nazarenko.

Nazarenko also believes that a significant change in the prices of cars we should not expect: possible only traditional seasonal discounts. In addition, writes portal, many sellers of cars are now in very bad financial situation.

At the end of the first seven months of 2009 sales of cars in Ukraine has decreased by 75.3% says the report prepared by the department of strategic development of the International Automobile Holding Atlant-M.

Today's lifting of 13% of the allowance may provoke a used car dealer to more substantial discounts. Most car companies in the past lacked working capital, but now there is an opportunity to bring new models and real money will simply need to importers.

However, experts have noticed that the prospect of the new additions to duty force them to hurry.

Thus, according to the MPs the bill, raising the car tax (if adopted) will be held on Jan. 1, 2010 - before that dealers should have time to sell off stores and introduce new vehicles.

In the current situation, when it actually is not available, it can be done only by lowering prices, experts state.

AutoNews.ua thus writes that on the other hand car market is very sensitive to currency fluctuations. Already, the value of the dollar in the interbank market reached 8,9 grn for dollar.

Everyone understands that the challenges in warehouses cars were imported at the rate less than five UAH to the dollar, but selling them would be taking into account the devaluation, because of the proceeds to introduce a new product that is sold only for foreign currency, - informs portal .

Finally, AutoNews.ua notes that hryvnia prices of cars will increase in proportion to the fall of the national currency.

At the same time, experts say, many sellers of cars will be forced to sell stores, and go on a serious decline in prices in order to obtain working capital.

At the same time, AutoNews.ua predicts that autumn has arrived, it is likely to become one of the most favorable periods for the purchase of the car.

NBU denies the possibility of terminating cooperation with the IMF in relation to the conservation of gas prices to the public since September
Medvedev suggested that Miller did not agree to change terms of payment for Russia's gas transit through Ukrainian territory
The activity will remain low until the evening, there may be only bursts of speculative games in the Savings Bank
Until Tuesday night, our stock indices continue unprincipled lateral movement
In the 2 quarter of 2009 net profit of MegaFon fell by 10,8% to 9 billion rubles
Opportunities honest debtors and creditors will be expanded
U.S. likely to withdraw from a sharp recession in the last months of 2009
Analytics - the outcome of the day

Energy, World Stock Market, Currency, Weather ...


Index of the Frankfurt Stock Exchange Xetra DAX rose 77.73 points, the index of the London Stock Exchange FTSE 100 rose 132.24 points

 

Leave a Comment