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The Russians set a record for car loans

The Russians set a record for car loans
Photo: pixabay.com

Last year was a record for Russia in the number of issued car loans. Such conclusions were reached by specialists from the National Bureau of Credit Histories and the Avtostat analytical center. They compared data for 2019 with the previous six years.

As the RBC, last year, Russians took 947,3 thousand car loans, which is 10% more than the previous period. Moreover, most of the borrowed funds went to buy new cars. The average size of a car loan increased by 6,3% to 787,9 thousand rubles.

According to experts, in 2020 such a boom in car loans should not be expected. Now in the country there is a decrease in sales of new cars by 2,5%. It could be even more tangible if it were not for the opportunity to take loans.