{“rewritten_html”:”In September 2023, the market for car loans—both new and used—continued to expand in both quantitative terms and monetary value, according to the analytics specialist Avtostat. The findings depict a sustained thaw in consumer credit for vehicles, with lenders and borrowers navigating a period of growth that mirrors ongoing shifts in demand, pricing, and available inventory across the sector. 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