According to the National Bureau of credit histories (nbki), reducing the car loan in April 2020, compared with the previous month amounted to 80.8%.
According to the Bureau, only in April was issued by 13.3 thousand credits. “The volume of lending during the regime of isolation has decreased by 83% to 10.5 billion rubles. Compared to April 2019 issuance decreased by 80% by number and 81% by volume,” – said the Bureau.
According to analysts, EDO, the loans suffered from the regime of isolation is stronger than other segments of retail lending. This is due to the reduced availability of car dealerships, and partly from the stricter requirements of banks to borrowers.
According to NBCH, in April 2020, the issuance of loans decreased by 81.1 per cent compared to April 2019. Taim was a decrease recorded in “crisis” January 2015 compared to December 2014. Then the results of loans fell 84.3%.
the Decline in the issuance of loans was noted in all regions of the country. While the most serious contraction in the number of loans in April 2020, compared to the previous month showed Moscow (-93,7%), Moscow oblast (-93,6%), Krasnodar (-90,5%) and Stavropol (-87,7%) Kray, and Rostov oblast (-86,3%), noted in national Bureau of credit histories.
As expected, the design Bureau that the demand for loans will recover more slowly than other types of loans, as car production, despite localization, is still highly dependent on foreign exchange rates, and, therefore, the price of cars will rise monthly. “Part of the borrowers instead of buying a new car in the future may give preference to the car,” said Bureau.
