In April, Russians bought a record number of cars on credit

The number of purchased cars on credit (new and used) at the end of April 2021 was 105.8 thousand units. As noted in the National Bureau of Credit Histories (NBCH), this figure is a record, and it is 5.2 times higher than that in April 2020.

In turn, the experts of the analytical agency "AUTOSTAT" informed about the growth of the market * of new passenger cars - 3.1 times in the previous month (in compare with YOY basis). According to the executive director of the agency, Sergei Udalov, the main reason for it is the low base effect.

“Both the car market and car loans in April showed simultaneously the growth. At the same time, in comparison with April 2020, explosive growth is largely due to the effect of a low base. Let us recall that just a year ago, against the background of the development of the coronavirus pandemic, restrictions were introduced that affected directly the auto retail,” the expert noted.

Meanwhile, if we compare the April indicators with the March indicators, then both in the car market and in car lending in this case, there is also a positive trend.

* Market data are prepared on the basis of registrations of the traffic police; it does not include cars of law enforcement agencies and diplomatic services, as well as registration of cars on the territory of Crimea.