Issuance of car loans in Russia decreased by 38% over the year

In July 2025, 98.3 thousand car loans were issued in Russia. This is 38.3% less than in the middle of last year. However, this indicator increased by 10.5% compared to June of this year, the National Bureau of Credit Histories (NBKI) estimated on August 26.

In comparison with the previous month, the volume of car loans issued increased (by 16%, to 135.5 billion rubles). Compared to the same period last year, the volume decreased by 42.2% (or 1.7 times).

The largest number of car loans over the past month was issued in the Moscow Region (6.36 thousand units), Moscow (6.22 thousand units), the Republic of Tatarstan (5.06 thousand units), St. Petersburg (4.68 thousand units) and the Krasnodar Territory (4.25 thousand units). The most significant dynamics of issuance growth was recorded in Ryazan (+18.8%), Irkutsk (+18.6%) and Tula (+18%) regions.

The NBKI explains the current growth in car loans by making them cheaper due to changes in the market structure in favor of more budget-friendly cars, as well as subsidized rates from automakers. However, the difference in numbers relative to 2024 is due to the introduction in the middle of last year of macroprudential restrictions on borrowers with a high debt burden (more than 50%). Car loans have become unavailable to such citizens.

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As reported earlier in the day, Sergey Gromak, Vice President for External Relations and Shareholder Relations at AVTOVAZ, said that the reduction of the key rate by the Bank of Russia from 21% to 18% during the year has not yet had a significant impact on car sales. In general, the Russian car market "does not inspire optimism yet," he noted.

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