The falling value of the rouble has Russians desperately seeking big ticket items to buy, with cars featuring heavily on their shopping lists. They want to lock in the value of their money before it drops further in an unstable economic climate. As the Russian currency became worth less and less prices shot up and the sold signs appeared on windscreens. Vladimir Ryabushko, who is in charge of Moscow’s ‘Avtomir’ car dealership said: “As we see the situation prices will continue to rise. And new shipments of cars will arrive at new prices. For better or worse, right now we can’t know by how much they are going to rise. But I would advise people to buy a car now because the prices are going to go up more.” But that was easier said than done .. as some carmakers, including General Motors and Land Rover-Jaguar halted delivery of vehicles to Russia until the situation stabilises. There were signs it might be doing that on Friday as the rouble picked up a little bit against the dollar and the euro, though trading remained thin and volatile.
see article in: Ruble
INC News, 19/12/2014 - via euronews
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