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The issuance of auto loans has stabilized in Russia

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In the 3rd quarter of 2018, the Russians purchased 205.6 thousand passenger cars on credit. This is more only by 0.5% than in the same period of the last year. The experts of the analytic agency AUTOSTAT and the National Bureau of Credit Histories (NBCH) came to this conclusion on the results of data processing of 4,100 credit organizations. The fact that the auto lending market in our country has stabilized is evidenced by the fact that in the 3rd quarter the number of issued auto loans decreased by 1.8% compared to the same result of the 2nd quarter (209.4 thousand units).

According to Sergey Udalov, the Executive Director of the AUTOSTAT analytic agency, a parallel with the car market can be drawn here. “In compare with the 2nd quarter of 2018, the market declined slightly (-3.6%). A similar trend is observed in car loans. However, despite the slowdown in the growth of car loans, their share in the sales structure remains very significant. In other words, the role of lending in the automotive industry is still great,” - notes Mr. Udalov.

31.10.18 AUTOSTAT
Source: www.autostat.ru