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The report in focus

Automotive Industry In Russia. Results of 2019. Prospects

Automotive Industry In Russia. Results of 2019. Prospects

Exit date 02.06.2020

Format PDF, 55 стр.

Price 960 eur.

report contains information on automotive vehicle production in Russia, particularly passenger cars and commercial vehicles

02 june more info

Analytics

Russian dealers of Ford began sales of updated Mondeo

Ford Mondeo sedan has received a technological upgrade aimed at the safety improving of the car and improving of the intelligent driver assistance systems. People can order updated Ford Mondeo at all official Ford dealers in Russia.

05 julymore info

Infographics

Dynamics of car sales by segments in 2019

News

Online auto dealer Carmart 70% of cars sell on credit

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According to the St. Petersburg online car dealer Carmart, 70% of transactions for the purchase of new and used cars on the company's Internet site were on credit in 2017. Slightly less than half of such deals - 43% - were paid by the card or by bank transfer on the site. 57% of car enthusiasts who decided to buy a car on credit preferred to make a purchase at the dealer's cash desk, reported the press service of Carmart.

The most popular term for a loan when buying a car online is 3 years (including, due to the fact that this is the maximum period for the state program of preferential car loans) and 5 years. As a rule, motorists who buy cars on credit, book it on the Carmart website for at least 5 days. This is usually enough to get approval of the transaction from the bank, sign the contract, wait for the transfer of funds and deliver the car to the client.

"While online, when buying a car, it's psychologically easier to issue a loan that does not require any financial investment than to transfer the full amount to the dealer." Another reason for this trend is the growth of the automobile market in St. Petersburg and in Russia as a whole, which also affects the increase in lending transactions on the purchase of cars,” - says the head of Carmart, Vadim Arustamyan.  “In general, our task is to make payment for a car fast, convenient and not requiring additional funds, for example, the cost of acquiring when paying by a bank card we already take and when you take a loan than we offer an added bonus. "

We also add that 82% of buyers, who were ready to pay immediately the full cost of the car, chose the payment upon receipt. In this case, an important factor for them was the opportunity to choose the car on site or to abandon it after inspection.

22.12.17 AA "AUTOSTAT"
Source: www.autostat