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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

What electric cars are in Russia?

News

Only 5% of used cars are sold on credit

Credit.jpg

According to the assessment of the analytical agency "AUTOSTAT", for 8 months of 2020, only 5% of used cars were sold with the usage of classic car loan scheme.

This low figure is due to two factors.First, the overwhelming majority of transactions in the secondary market are made directly between individuals, or with the participation of "outbids". The share of dealer sales in the used car market is still not high. Secondly, it is easier and often cheaper for buyers of cars on the secondary market to get a consumer loan than a classic car loan with a transfer of money to a dealer and a car pledge.

According to the executive director of the agency "AUTOSTAT", Sergei Udalov, the growth of car loans for used cars has been clearly seen lately. In August, against the background of a decrease in the number of loans for new cars (-6%), lending of used cars grew by 15%. By considering the low share in the total volume of this market (3.3 million used cars were sold in 8 months), the potential for banks and dealers is extremely high.

16.09.20 AA "AUTOSTAT"
Source: www.autostat.ru