The volume of loans issued for used cars grew by 32% in 2023

Experts characterize the February picture of car loans as positive. Today during the online broadcast "AUTOSTAT Operative. Operational information in the Russian car market. The results of February 2023," Executive Director of agency "AUTOSTAT" Sergey Udalov, gave figures and facts characterizing the state of the car loan market at the beginning of 2023. And although the volume of loans issued in January-February 2023 for new cars is still inferior to the results of a year ago (-32% in units and -37% in money), the situation has already improved significantly, and in lending of used cars, the picture is generally looks optimistic.

Thus, loans for used cars by the results of the last two months were issued significantly more than a year ago. Thus, in January-February 2023, volumes increased by 32% in quantitative terms, and by 55% in monetary terms (in compare with the first two months of 2022).