In Russia almost halved the number of car loans

the Amount bought on credit of cars (new and used) declined in may of this year by 47.7% yoy and amounted to 40.9 thousand units (in may-2019 — 77,8 thousand), follows from the joint review of the National Bureau of credit histories (NBCH) and the analytical Agency “AUTOSTAT”.

With respect to the previous month, the issuance of loans increased in may, more than 2 times — on of 106.9% (in April-2020 was issued by 19.8 thousand units).

Commenting on the findings, General Director nbki Alexander Vikulin noted that “during the period of quarantine measures in April—may 2020 the most serious in the retail sector was affected by the issuing of loans”. “Unlike other types of crediting of citizens, the loans are poorly developed remote sales channels. While traditional offline lending in showrooms in April actually stopped, and may, if and worked, not all regions and not for a month” — said the expert.

for its part, the Executive Director of “AUTOSTAT”, Sergei Udalov added that “pandemic coronavirus and the subsequent restrictive measures negatively affected the work of the dealers, which in turn could not affect the loans”.

Earlier on Friday it became known that the average amount of loans in Russia decreased in April—may of the current year more than 100 thousand rubles and amounted to 770 thousand rubles, estimated by experts of the United credit Bureau.

estimates of the Committee automakers Association of European businesses (AEB), sales of new cars and light commercial (LCV) cars in Russia fell in may 2020 51.8% yoy (after the collapse of the 72,4% in April and 4% growth in March) to 63,033 thousand units.

For the first 5 months of current year in Russia were sold 478,135 thousand cars and LCV (minus 25.7% in annual terms).

Stories about how you tried to get help from the Russian state in terms of coronaries and what came of it, email it to