The issuance of car loans in Russia has fallen by more than 40%

In the second quarter of this year, 253.3 thousand car loans were issued in Russia. This is a 43.2% decrease compared to the same period last year. At the same time, the indicator increased by 22.5% compared to the first quarter. This was announced on July 30 by the National Bureau of Credit Histories (NBKI).

According to Alexey Volkov, NBKI's marketing director, after record lows at the beginning of the year, the issuance of car loans has stabilized and even increased. This is due to some of their cheaper prices due to changes in the market structure in favor of more budget cars, as well as subsidized rates from automakers.

The number of car loans issued in the first half of 2025 was significantly less than in the same period last year. This is due to the growth of market rates and recycling. Another reason is the introduction of macroprudential restrictions in the middle of last year regarding the issuance of loans to borrowers with a high debt burden (more than 50%), such citizens have become unavailable car loans.

The largest number of car loans issued in the regions of the Russian Federation in the second quarter was recorded in the Moscow Region, Moscow, the Republic of Tatarstan, St. Petersburg and the Krasnodar Territory. The most significant growth dynamics in the number of car loans issued compared to the previous quarter was noted in the Tyumen Region (with Khanty-Mansi Autonomous Okrug and Yamalo-Nenets Autonomous District) (+35.7%), the Udmurt Republic (+33.6%), Orenburg (+30%) and Saratov (+27.5%) regions, as well as in the Perm Territory (+26.3%).

Not everyone will survive: every tenth car dealer may leave the market by the end of the year.

Low sales and internal competition reduce profitability

Earlier, on July 23, it was reported that in June of this year, the number of car loans issued for new and used cars amounted to 88.5 thousand units, an increase of 7.8% compared to May. However, by June last year, a drop of 41.1% was recorded.

Before that, on July 22, analysts said that you can get a preferential car loan for a car in Russia with an income of 79 thousand rubles, and for an electric car — from 267 thousand rubles. The monthly payment for a preferential car loan, depending on the region, will average 44 thousand rubles for a car with a conventional internal combustion engine and 196 thousand rubles for an electric car.

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