CarPrice halts client payments after nationalization
CarPrice, the platform for selling used cars, has stopped making payments to clients after nationalization. The CarPrice service for buying used cars, which came under state control in the spring of 2026, has suspended payments to individuals and legal entities.
Consensus
- CarPrice temporarily suspended payments to clients and partners.
- The suspension was explained by the company as due to 'changes in the company's structure'.
- CarPrice promised to resume payments within the next week.
- Compensation at the refinancing rate will be applied for the delay period.
- The company was nationalized in March 2026 by a decision of the Tver Court in Moscow.
- In April 2026, 100% of the legal entity 'Selanikar' (CarPrice's legal entity) was transferred to Rostec.
- CarPrice was founded in 2014 and operates online auctions for used cars across Russia.
- The company facilitates sales from private individuals to dealers through online auctions.
Points of divergence
- The nationalization followed a court ruling that labeled investor Alexander Galitsky and his fund Almaz Capital Partners as extremist organizations, based on allegations of supporting the Ukrainian military. — meduza
- Alexander Galitsky, who holds Dutch citizenship, left Russia two days after the court decision. — meduza
- The company's official response does not specify which payments to legal entities are affected, though it may refer to deposit refunds for dealers participating in auctions. — meduza
- CarPrice operates on a C2B (consumer-to-business) model. — tg_moscowtimes_ru
- CarPrice has 150 centers in 60 cities and conducts around 300 auctions per day. — tg_moscowtimes_ru
- CarPrice's revenue in 2025 was 7.7 billion rubles, a 32% decrease, with net loss reduced to 126.4 million rubles from 142.1 million the previous year. — tg_moscowtimes_ru
Coverage (5 sources)
- In Rostec commented on the suspension of payments to CarPrice clients — Коммерсантъ
- In CarPrice explained delays in payments changes in the company structure — Вести
- CarPrice platform for selling used cars after nationalization stopped paying clients — The Moscow Times
- CarPrice car sales service limited payouts to clients. Company was nationalized in spring and transferred to Rostec — Meduza
- RBC: CarPrice service for selling used cars suspended payments to clients — Коммерсантъ