The report in focus

Passenger car market in Russia. Results of 2021, trends and prospects

Passenger car market in Russia. Results of 2021, trends and prospects

Exit date 29.03.2022

Format PDF

Price 900 eur.

The report contains detailed information on the last year’s passenger car sales, their dynamics and structure, market capacity, its price parameters, segmentation, etc.

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The issuance of car loans grew in the 3rd quarter. Just like the car market


Experts of the analytical agency "AUTOSTAT" found out that in the 3rd quarter of 2020, Russians bought 420.3 thousand new passenger cars. This is higher by 3.4% than in the same period of the previous year. Meanwhile, as it became known, the issue of car loans in July-September also increased. Thus, according to the NBCH, a total of 275.8 thousand loans were issued in the third quarter for the purchase of cars (new and used). This result was higher by 4.9% than a year ago.

Meanwhile, if we compare the results of the car market and car lending in the 3rd quarter in relation to the 2nd quarter of this year, then there is also a comparable growth. If purchases of cars grew by 87.3%, then the issuance of car loans - by 88.1%. As the executive director of the analytical agency "AUTOSTAT" Sergey Udalov notes, the main reasons for the improvement of the situation were the deferred demand, the expansion of the conditions of the state programs "First / Family Car", as well as the continuing rise in prices. “The latter circumstance forces potential buyers to become more active and buy cars at current prices, ie. before they become even more expensive,” - the expert specified.

28.10.20 AUTOSTAT
Source: www.autostat.ru