The share of new cars in the issues of car loans has reached the maximum since the beginning of the year
The share of car loans for new cars in quantitative terms in May showed a noticeable growth and reached the maximum since November 2020. Dealers, struggling with reservoir of warehouses, stimulate the sales of new cars, and state programs also contribute to the growth of issuance. For used loans, these factors are not relevant, the rates on them are more than 28% per annum, so there is no need to expect a quick restoration of the segment.
BKI “United Credit Bureau” (OKB) summed up the results of the activity in the car loan segment for May (is at the disposal of “Kommersant”). For a month, banks issued 74.79 thousand car loans to Russians for 97.28 billion rubles. It is noteworthy that 69% of the total and 70% of the volume of issued car loans in May had to be for new cars. Their share in the issues for a month increased by 5 and 6 percentage points, respectively.
This is the maximum indicator since November 2020 in quantitative terms and from February 2022 – in the monetary, then the average amount of one car loan was 1.527 million rubles. Against 1.356 million rubles. In May 2025.
In proportion, the share in the issues of loans for used cars was reduced. It amounted to 31% in quantitative terms and 30% in monetary. The average size of one car loan in used segment in May amounted to 1.289 million rubles.
Bankers confirm this trend. So, according to the head of the direction for working with the Alder manufacturers of Alfa-Bank, Ilya Dolgikh, the demand for new cars has significantly exceeded interest in used since the beginning of the year. “The share of new cars will remain at a high level-the activity of manufacturers is still high. Banks will not be able to offer more favorable lending conditions for used cars, ”he said. The main volume of car loans shifted towards new cars, noted in VTB. “The growth of the share of new cars can be affected by the strengthening of support measures by Chinese manufacturers, such as discounts and installment planes,” said Andrei Eremenko, head of the motor-loop-banking bank.
According to Ekaterina Konova, the director of the field of the development and insurance department of the FINTEK-Platform financial company, and the demand for mileage cars is currently cooling a number of factors. “Firstly, the high average level of bets,” she explains. “Secondly, the lack of a wide offer of used car, Korean or Japanese-made cars.” In May, according to OKB, the full cost of a loan for the purchase of a new car was 17.17%, for used 28.38%. Demand for new cars maintain special offers from dealers who need to sell drains, and subsidies of car loan rates from brands. At a key rate of 20%, you can find a car loan for a new car from 0.1%, adds Ekaterina Konova. A small increase in the share of car loans for the purchase of new cars could be associated with the availability of dealership software activation programs, the director of the group of ratings of the financial institutions of ARKRA Mikhail Polukhin agrees. “Now the dealers have a large stock, and the market is trying to stimulate buyers to acquire, which often goes on credit,” adds Alexander Vasiliev, director of the Automobile Industry Company of the DRT.
But other factors also influence. For example, the future additional tightening of the Central Bank, notes Mr. Vasiliev. “Banks are preparing for the introduction of macroprudentic limits in car loans from July 1, and the share of borrowers with high PD in the segment of used cars is on average higher,” said Ivan Uklein, senior director of banking ratings. “The Central Bank previously noted that a significant part of the in -target car reports formally reflected in the reports The segment is actually a bypass of regulatory standards in consumer lending. Now such practices are gradually limited. ”
In general, despite the signal of the Central Bank, which reduced the key rate from 21% to 20% for the first time in a long time (see “Kommersant” of June 7), experts do not expect positive dynamics in the car loan market. “We expect a significant fall in the car loan segment according to the results of the year – in comparison with last year, it can decrease by 40-50%,” says Yegor Lopatin, director of the group of financial institutions of the NKR agency. “Dynamics in the segment may no earlier than the return of the average rates of car loans to a level below 20%.”
