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


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


In which districts of the Russian Federation is there high car ownership per 1000 people?


There were given more than 155 thousand preferential loans in 2010

The amount of preferential car loans, which have been started to give from February of this year, exceeded 155 thousand units. According to the data of Ministry of industry and trade, the banks gave 155031 car loans by subsidy state rates as of December 16th and accepted 336465 of inquiries. It should be recalled that the Ministry of industry and trade predicted to give 150 thousand credits.
As the analysts of AUTOSTAT agency remarked, the popularity of subsidy programs of car loans considerably increased this year. The amount of given preferential loans (148,1 thousand units as of December 2nd) for nine months after the program was resumed twice exceeded the indicator of the analogical period of preferential car loans program activity in the previous year (71,5 thousand units).
The analysts of AUTOSTAT agency noted that the effectiveness of car loan program increased. So, the share of cars that were bought by preferential credits was 6,6% of total sales during the period from April till December of last year. And the share of preferential cars is 9,6% of Russian market during the period from March till November of this year. The press-office of Sberbank, which is the leader of preferential lending program, informed earlier AUTOSTAT agency that Lada cars have about 66,3% share of credits that are given by Sberbank. Renault (11,5%), Ford (6,3%) and Skoda (4,4%) are the leaders among foreign cars.
Meanwhile, the share of inquires that are approved by banks-participants decreased this year. If there were approved 71486 inquires among 123874 units or 57,7%, then this year the share decreased to 46% (155031 of approved inquires among 336465 units). The bankers explained it by the absence of cars at the dealers and also by the joining of credit companies to the program that have lot of refusals.
It should be reminded that the program of car credit subsidiary was started in Russia in March, 2009 and this year it was resumed in February. As the director of car industry department of Ministry of industry and trade, Aleksey Rachmanov, this program of preferential car lending will be prolonged in 2011. According to the participate conditions in this program, the primary payment is 15%, the maximum cost of Russian production car is 600 thousand Roubles, term of loan 36 months. Originally the subsidy was 2/3 of refinancing rate of Russian Central Bank but it was fixed on rate of 6% per annum in September.