Over the past month, prices on the used-car market have been easing, with several models potentially dipping as much as a quarter of their value. This trend is highlighted by Nikolai Vavilov, a senior analyst in Total Research’s strategic research division. He notes that the downward movement is most evident in the broader landscape of pre-owned vehicles rather than in fresh stock, where price ripples take longer to appear. The current moment shows a softness in demand that is reshaping expectations for resale values across the spectrum of makes and models.
Regarding vehicles from Western manufacturers, the picture is more nuanced. Market observers suggest that meaningful price reductions for these cars will likely unfold only after there is clearer visibility on when Western automakers might resume operations inside Russia. Even so, the existing inventories and showroom remnants from European producers will not remain priced as they are now. As one industry update from Prime Agency notes, these residuals in the supply chain are gradually compounding the downward pressure on prices. This shift is being watched closely by buyers and dealers who are recalibrating expectations in light of evolving supply dynamics.
Vavilov does not forecast a rebound in pricing once global automakers re-enter the Russian market to recoup lost profits. Instead, the analyst anticipates that further price moderation could be necessary to spur demand and clear inventory. In practical terms, this means retail prices might need to be trimmed by about 25 percent to stimulate ongoing purchases and to maintain a healthy turnover among retailers who have shouldered elevated carrying costs during periods of disruption.
Some market watchers have noted a broader stabilization trend: price growth appears to have slowed, and demand has cooled as a consequence of historically high price levels. This cooling helps balance a market that had seen rapid price acceleration, suggesting buyers are becoming more selective and retailers are focusing on turn rates rather than chasing aggressive margin gains. The net effect is a market that is adjusting to a new equilibrium, with prices that reflect current supply realities and consumer appetite for value over novelty. Observers remind readers that while the trajectory points to ongoing moderation, the pace and magnitude will hinge on macroeconomic signals, currency fluctuations, and the timing of any policy shifts affecting import costs and vehicle availability.
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This broader trend underscores the evolving landscape of automotive financing as more households consider purchase options tied to the economy’s current pace and the availability of vehicles in the market.nWhen lined up against the same month a year earlier, loans issued for new cars rose sharply in unit terms and in ruble value, signaling a robust jump in financing activity. Specifically, new car lending doubled in volume and increased about 2.6 times in monetary terms. For used cars, the picture was also positive, showing a 31% rise in the number of loans and a 66% lift in ruble terms. These gains point to a healthy appetite for both new and pre-owned vehicles, with buyers leveraging credit to secure favorable terms amid fluctuating prices and the presence of different fuel and tech configurations that have diversified consumer choice.nHowever, the September figures did not match August’s pace. In units, new car loans were down by about 1% month over month, and in rubles there was a 2% decline. Used car lending showed a more pronounced month-to-month dip, with a 10% drop in loan counts and an 11% decrease in ruble value. Avtostat notes that these August-to-September fluctuations reflect a market stabilizing after a surge in parallel imports during July, a trend that temporarily boosted supply and influenced consumer confidence. Additional headwinds include the seasonal tightening of imports and stricter recycling and environmental policies that nudge buyers toward different purchasing timelines and financing decisions. Analysts interpret these dynamics as a balancing act: markets respond to policy incentives, import patterns, and the lag between new vehicle availability and consumer demand, which then settles into a steadier rhythm as autumn unfolds.nLooking at the year so far, analysts highlight a striking acceleration in vehicle lending across the nine-month period. New car loans rose by 73 percent in unit terms and 98 percent in rubles, while second-hand car loans climbed by 70 percent in units and 116 percent in rubles. This momentum signals a broadening credit footprint within the auto market. It suggests that lenders have been expanding their offerings, while consumers continue to view car ownership as a durable financial asset and a practical response to shifting mobility needs. The data also reflect a higher propensity to finance rather than pay upfront, a pattern that aligns with the broader credit environment and the need to preserve liquidity while navigating price volatility in both new and used vehicle segments.nOn a related note, AvtoVAZ had previously indicated that Lada cars would be accessible at factory prices. This announcement added another layer to the market’s pricing dynamics by potentially offering a price anchor in a period of fluctuating imports and evolving supply chains. The implication is that factory-price access to popular models could influence buyer behavior, affect loan structuring, and shape seasonal demand for a wide range of customers across the region.””,meta_title_variants”:[“Car Loan Market September 2023 Update US & Canada””,September 2023 Auto Loans: New & Used Vehicles Growth””,Avtostat Report: September Vehicle Lending Trends””,Lada Factory Prices & Auto Financing Trends””,US & Canada Car Loan Trends September 2023″]”,meta_description_variants”:[“Latest September 2023 vehicle loan data shows strong growth for new and used cars in the US and Canada, with notable monthly shifts.””,Avtostat analysis reveals how September loan activity for cars evolved, including Lada factory price impacts and import trends.””, September 2023 auto lending insights outline rising loan volumes for new and used cars and market stabilization.””,How September 2023 auto loans performed; new vs used, import impact, and Lada factory pricing.””,Vehicle lending in September 2023 shows resilient growth for both new and used cars across North America.”]} }json to be parsed by system Real Betis edges Mallorca in a tense LaLiga clash How Forum Culture and Google Updates Shape Online Visibility