In Russia, car loans decreased by 31% in April

The issuance of car loans in April 2025 decreased by 31% compared to the same period last year, and the volume decreased by 39%. This was reported by the United Credit Bureau (OKB), TASS reported on May 15.

In the middle of spring, banks issued 80.11 thousand car loans worth 103.64 billion rubles. The average size of such a loan decreased by 12% over the year and amounted to 1.29 million rubles. The average loan term became shorter by six months and in April it was 63 months. At the same time, compared to March, the number of car loans in April increased by 6%, and the volume increased by 10%.

From January to April 2025, 288.43 thousand car loans worth 364.46 billion rubles were issued in the Russian Federation. Compared to the same period last year, the number of withdrawals decreased by 36% and the volume by 45%.

New cars accounted for 66% of the total number and 67% of the volume of car loans issued in April. The average loan amount for a new car was 1.33 million rubles, with an average loan term of 58 months. Buyers of used cars were credited an average of 1.32 million rubles for a period of 76 months.

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Earlier in the day, it was reported that in April 2025, the weighted average interest rate on loans for new cars dropped to 17% per annum, which turned out to be the lowest since October 2023. The rate reduction has been taking place for the fifth month in a row.

On May 13, Sergey Tselikov, director of the Autostat analytical agency, said that sales of new passenger cars by the end of 2025 could decrease by 20% compared to the previous year and reach 1.25 million cars.