The average cost of a credit contract also increased. According to…
The average cost of a credit contract also increased. According to the forecast of the 'Avtostat' agency, the Russian market for new passenger cars is expected to see stability in the second half of the year with sales volumes of approximately 720 thousand units, which is 18% higher than the results of the first half.
Consensus
- The Russian auto loan market showed strong growth in the first half of 2026.
- Credit volumes for car purchases increased by 15.4% compared to the same period in the previous year.
- Average loan terms have lengthened, with used cars now having longer average repayment periods than new ones.
- Interest rates on auto loans decreased across both new and used vehicle segments.
- Bank approval rates for auto loan applications increased for both new and used vehicles.
Points of divergence
- The total value of auto loans issued in the first half of 2026 reached 895 billion rubles, with a 41% year-on-year increase in monetary terms. — fontanka
- The Russian market for new passenger cars is expected to see stable sales of approximately 720,000 units in the second half of 2026. — kommersant
- Used car credit demand grew by 23%, outpacing new car credit growth at 10.5%. — fontanka
- New car sales in the first half of 2026 were 608,600 units, a 15% increase compared to the same period last year. — kommersant
Coverage (4 sources)
- Russians are taking out more car loans but repaying them takes longer — Фонтанка
- Autostat: In the second half of the year, up to 720 thousand cars may be sold in Russia — Коммерсантъ
- Ministry of Industry and Trade: Sales of new cars in Russia grew by 12% in the first half of the year — Коммерсантъ
- Domestic car market grew by 46.2% year-on-year — Фонтанка
Key entities
- Russia
- AvtoStat
- Ministry of Industry and Trade
- Sergey Tselikov
- Frank RG
- EPTE
- AO «Industrial Passport Consulting»
- Press Service of the Ministry of Industry and Trade
- Ministry of Industry and Trade Statistics