AvtoVAZ may significantly increase prices for all Lada cars in order to be able to produce new models.

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Price increase may reach 12%

New Lada cars in 2024 may rise in price by 12%, as stated by independent automotive industry consultant Sergei Burgazliev, who added that all models will rise in price.

“Next year AvtoVAZ will continue to raise prices for its cars. Given a stable situation in the country and in the economy, Lada models may rise in price by 10–12%, or even more, over the entire year. This will affect all company cars. This year, the auto giant changed price tags several times, and in total prices rose by approximately 15%,” said Sergei Burgazliev.

Today the Lada Granta costs from 700 thousand rubles, and the new Lada Vesta – from 1.24 million rubles. Thus, in 2024, cars may become more expensive by 70 and 124 thousand rubles, respectively.

AvtoVAZ
AvtoVAZ

AvtoVAZ may significantly increase prices for all Lada cars in order to be able to produce new models.

Burgazliev added that the plant continues to depend on imports, and due to the depreciation of the ruble, suppliers of auto components from China are constantly raising prices. At the same time, AvtoVAZ plans to launch new models.

“Of course, you can endlessly sell a 50-year-old Lada Niva, but we need investment in new models. Where can I get them? Ask the government, take out loans, or try to earn money yourself. The third option is most acceptable for AvtoVAZ,” the specialist added.

Sergei Burgazliev was the one who at one time reported about the sale of the Volkswagen plant in the Kaluga region, about the problems of the first batch of Lada Vesta NG, about the resumption of the flow of Japanese cars to Russia and a shift in emphasis to small-displacement models, about the assembly of BAZ trucks at the former Toyota plant, about that AvtoVAZ wants to get into the segment of large sedans with the Lada Aura model, hoping for the government procurement segment.