Sales of used cars on credit in Russia decreased threefold

In the first four months of 2025, 119 thousand collateral loans for used passenger cars were issued in Russia, which is 61% less than in the same period last year (307 thousand). Sergey Tselikov, director of the Autostat analytical agency, told about this on May 15 in his Telegram channel.

"In monetary terms, the drop is even more noticeable. The financial capacity of this market segment has fallen from 425 billion in the first 4 months of 2024 to 142 billion this year. That is, by 66% or exactly three times. In April, the dynamics of the decline was similar to the cumulative total," Tselikov wrote, referring to data from the Autostat—Frank joint project.

The analyst cited the high loan interest rate (the average in 2025 is 26.5%) and the low percentage of borrower approvals (26%) as the main reasons for the decline. As the rate increases, the approval rate decreases. At the same time, unlike the new car market, no one sponsors loan interest in the segment, he said.

The average loan price for a used car (1.19 million rubles) was higher than the weighted average car price (1.13 million rubles), and the average loan term increased to 6.3 years.

Swing with wheels: car sales fell by another quarter in April

The share of new car brands in the market is growing in Russia

Earlier in the day, it was reported that the issuance of car loans in April 2025 decreased by 31% compared to the same period last year, and the volume decreased by 39%.

Also on May 15, it became known 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 is taking place for the fifth month in a row.