More than 256 thousand cars were sold in 2020 with the help of state support

At the end of 11 months of 2020, with state support for demand in Russia, more than 256 thousand vehicles were sold. Among them, 199.3 thousand cars were sold under the program of preferential car loans, the budget of which in 2020 was 20.7 billion rubles, the press service of the Ministry of Industry and Trade of the Russian Federation reported.

Sales under the concessional leasing program were 52 thousand cars (the amount of state support - 12.5 billion rubles), including 10.6 thousand cars were sold under the “Affordable Lease” program. In addition, more than 5.1 thousand vehicles were sold under the NGV subsidy program (the amount of state support is 1.28 billion rubles).

“We are finishing the year with the results on state support for demand for passenger cars, which inspire optimism. The programs are popular; this can be clearly seen from the sales with state support increasing from month to month. We plan to continue these programs next year,” said Alexander Morozov, Deputy Minister of Industry and Trade of the Russian Federation.

“Unfortunately, I assume that the increased demand for cars in recent months will result in a market decline in early 2021. We understand that the 2021 market will be influenced by two things: price increases and the level of household income. Since there are no prospects for the growth of household incomes, it means that along with the rise in prices, the government's support for demand through preferential lending programs will be a determining factor. In general, as we can see today, the dynamics of growth of the car market will be within 3-5% the next year but at the same time the first quarter will drop in comparison with 2020 ", - noted, in his turn, President of the Association ROAD, Vyacheslav Zubarev ...