Kadakov: Hyundai Palisade buyers face a 4.7 million ruble recycling fee.

Kadakov: Hyundai Palisade buyers face a 4.7 million ruble recycling fee.

Maxim Kadakov, editor-in-chief of Za Rulem magazine, believes that the current growth in used car imports from South Korea may soon reverse.

According to Avtostat, 61,600 used Korean cars were imported to Russia from January to August—88% more than in the same period last year. The Hyundai Palisade was the best-selling car, purchased by 3,686 Russians. Even the top-of-the-line Calligraphy version with a 2.5-liter gasoline engine producing 281 hp. On the Russian market it costs 7.7 million rubles, including the recycling fee.

Now it is more profitable to import the diesel Palisade 2.2, which has a preferential recycling fee (5,200 rubles). The gasoline Palisade 3.8 costs almost one and a half times more due to the commercial fee: 2.74 million rubles for cars younger than three years and 3.6 million rubles for those older than three.

However, starting November 1, even individuals will pay 1.97 million rubles for a new diesel Palisade 2.2 and 2.92 million for cars older than three years; from January 1, the amounts will increase to 2.36 million and 3.50 million rubles. For the gasoline Palisade 3.8, the fee will be 3 million and 3.94 million rubles from November 1, and 3.6 million and 4.73 million rubles, respectively, from January 1.