RUSSIANS POUNCED ON CARS FROM BANKRUPTCY AUCTIONS

The current sanctions situation has caused an increase in prices for a number of goods due to the disruption of logistics chains and the refusal of companies to cooperate with Russian partners. This situation has not bypassed the car market either: many foreign automakers refuse to import their cars into the Russian Federation.

In certain areas (for example, electronics), the situation was solved to a certain extent by the legalization of parallel imports. Due to this, it was possible to resume the supply of equipment, avoiding a shortage.

The automotive market is still going through hard times, because it has become more difficult and more expensive to purchase not only cars, but also spare parts.

In this regard, the trading platforms where the property of the bankrupt is sold, note a strong increase in demand for lots for the sale of cars.

Moreover, as representatives of the sites note, the trend can be traced both at auctions for the sale of property of bankrupt legal entities and citizens.

As Rusbankrot was informed by the Association of Lawyers in the Field of Liquidation and Bankruptcy, bankruptcy auctions have previously enjoyed great popularity among both citizens and companies. There you can buy various properties at a significant discount.

A separate advantage for citizens in the context of buying a car is also that the purchase of a vehicle previously owned by the company also means a fairly good condition of such a car.

This situation also has a certain significance for the car market in the light that some of the buyers are represented by the category of citizens who purchase cars for disassembly for spare parts.

This, in turn, means a future increase in the supply of this particular category of goods, the Association of Lawyers in the field of Liquidation and Bankruptcy noted.

The experts also added that the situation in the automotive market, of course, should stabilize in some time perspective. But in the current conditions, the existence of bankrupt auctions allows citizens to purchase cars at a certain discount from current market prices, which is to some extent a solution to the shortage problem.