in 2025, the demand for car loans will decrease by 10%
According to VTB, next year individuals will receive about 1.5 million loans for the purchase of passenger cars, which will be 10% lower than the results of 2024. However, due to the growth of the average bill following the cost of cars, the volume of the car lending market will be comparable to the result of 2024 – 2.1 – 2.3 trillion rubles.
Against the backdrop of high market rates, tightened policies of the Central Bank and increased recycling fees, the car loan market began to cool sharply in the second half of 2024. According to preliminary estimates by VTB, in November individuals will receive about 112 billion rubles for the purchase of cars – 32% less than in the previous month. In general, in the fourth quarter the volume of market issuances may decrease by a third by July-September.
Based on the results of the entire 2024, the bank forecasts sales of car loans in Russia at the level of 2.3 trillion rubles (+53% by 2023). Almost half of the search results (47%) in this…
