According to the June 2022 results, banks in Russia have issued 39,000 car loans, which is an increase of +27.9% compared to May. Such data is in the latest report from the National Bureau of Credit Histories (NBKI). Compared to March, when this market segment collapsed sharply, the dynamic was +55.5% (in March the number of car loans issued was 17.2 thousand).
The spasmodic growth testifies to the recovery of the car loan sector in the Russian Federation. However, it is still far from pre-crisis indicators – for comparison, in June 2021 87.7 thousand car loans were issued, and in the “pre-sanction” February 2022 – 72.3 thousand.
The leaders in terms of the number of car loans issued in June 2022 were Moscow (2.78 thousand units), the Moscow region (2.24 thousand units), St. Petersburg (2.06 thousand units) and Tatarstan (1 .95 thousand pieces) and Bashkiria (1.64 thousand pieces).
Compared to the previous month, in June 2022, an increase in the issuance of car loans was noted in almost all regions of the Russian Federation. At the same time, the largest increase was recorded in the regions of Voronezh (+43.2%) and Rostov (+39.2%), the Stavropol area (+39.1%), as well as in Omsk (+31.6%) and Kaluga (+30.2%) areas.
Of the car loans granted in June, 48% were of a significant size (1-3 million rubles) and 53.7% were granted for the purchase of used cars.
The recovery of car loans is mainly due to the lower price of this instrument, following the policy rate of the Central Bank of the Russian Federation (after rising to 20% at the end of February, it has now returned to 9.5%).
The NBKI predicts that further growth of the segment will be facilitated by the resumption in July of the state program of preferential auto loans.
NBKI is the largest credit bureau in Russia, systematically collecting data from 4,000 creditors.
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