In February, Russians gave 101 thousand loans for the purchase of cars. This figure is the highest in the last five years. The newspaper reports this “News” With reference to Ratings Bureau data.
The total amount of vehicle loans granted at the end of last month amounted to 147 billion rubles. The value is 71% higher than in the same period in 2023 and almost a quarter higher than in January 2024.
The average bill for a new car in February was 1.65 million rubles, with mileage 1.32 million rubles.
Market experts say that the main reason for high demand is that people are afraid of price increases starting from April 1 due to strict rules for importing cars into the Russian Federation. Pent-up demand and discounts on last year’s product line also play a role.
At the same time, Russians prefer to take loans for the maximum possible period of seven years. According to the results of the incomplete first quarter, every second loan was signed on exactly these terms.
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