Experts: at the end of February, the volume of new car loans increased by 135% year-on-year

CrimeaPRESS reports:

The United Credit Bureau (UCB) summed up the results of car loans to citizens in February 2024.

The volume of new car loans issued over the month increased by 39%, and the number — by 35%. In February of this year, 80.43 thousand car loans worth 124.61 billion rubles were issued, a month earlier – 59.70 thousand loans worth 89.69 billion rubles. The average car loan bill for the month increased by 3%: from 1.50 to 1.55 million rubles. The average car loan term decreased by 1 month and amounted to 69 months. On an annual basis, the volume of new car loans issued increased by 135%, and the number by 99%. In February 2023, 40.39 thousand car loans were issued for 53.00 billion rubles. The average bill for a car loan increased over the year by 18%: from 1.31 million rubles. The average car loan term increased by 9 months over the year.

In terms of car loan issuance volumes, the top five leading regions include: Moscow — 6.63 thousand car loans worth 13.71 billion rubles, Moscow region. – 6.11 thousand loans for 11.43 billion rubles, St. Petersburg – 4.54 thousand loans for 8.27 billion rubles, Krasnodar Territory – 3.88 thousand loans for 6.31 billion rubles. and Tatarstan – 4.04 thousand loans worth 5.84 billion rubles.

In all regions from the TOP-30 for issuing car loans in February 2024, compared to January, there was an increase in their volumes and quantity. The largest increase was recorded in Tatarstan: the volume of car loans increased in the republic by 59%, and the number of issues — by 51%. The most “modest” increase in the volume and number of car loans issued was recorded in the Irkutsk region: +24% for both indicators.

The average monthly car loan size remained at the same level in the Perm Territory and Irkutsk Region. In other regions from the TOP-30 it increased. The highest growth — by 7% — is observed in the Novosibirsk and Rostov regions. The largest car loans were issued in February to residents of Moscow — an average of 2.07 million rubles, Moscow region. – 1.87 million rubles, St. Petersburg – 1.82 million rubles, Novosibirsk region. – 1.68 million rubles. and Leningrad region. – 1.65 million rubles.

Car loans for the longest term – 73 months. – issued in February to residents of the Novosibirsk and Volgograd regions, as well as the Krasnodar Territory. The shortest car loan terms were recorded in the Tula region. – 66 months In Moscow, St. Petersburg, Nizhny Novgorod and Irkutsk regions, the average loan term was 67 months.

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