Kommersant: in Russia, used cars are being purchased on credit twice as often

2024-01-27T10:47:49.832Z

Highlights: Kommersant: in 2023, the share of loans issued for the purchase of a car on the secondary market doubled, reaching 15%. Allegedly, banks issued almost 890 billion rubles for these purposes. Analysts: Share of loans for used cars will gradually decline in the future. This will be facilitated by the saturation of the market with new cars and affordable offers. Sales of Chinese cars at Russian dealerships have fallen by 60% since October, an expert said earlier.

In Russia, used cars are being purchased on credit twice as often, writes the Kommersant newspaper.