Sverdlovsk Region: Car Loan Market Up 2.2% in QIII’19

5 November 2019 (09:17)

UrBC, Yekaterinburg, November 5, 2019. Sverdlovsk Region came 7th in the rating of Russia’s thirty leading constituencies with the largest new and used car loan markets. The overall number of car loans issued in Sverdlovsk Region rose by 2.2% in the third quarter of 2019 and reached 8,722 (compared with 8,534 loans one year earlier).

According to the National Credit History Bureau, Moscow, with its 19,300 car loans issued in the third quarter, Moscow Region (15,800 loans), and Saint Petersburg (15,400 loans) topped the rating for QIII’19. Yet the increase in the number of newly issued loans was most noticeable in Kemerovo Region (+87.4% on the third quarter of 2018), Kirov Region (+44.4%), and Volgograd Region (+39.3%). The only constituency where the number of new car loans went down was Tyumen Region (excluding Khanty-Mansi Autonomous Region – Yugra and Yamalo-Nenets Autonomous Region).

In Russia on the whole, the number of cars bought on credit came to 259,200 units, which exceeded the figures for one year earlier (217,700 units in the third quarter of 2018) by 19.1%. The number of car loans also rose by 6.1% in the third quarter of 2019 against the second quarter, when the figure was 244,300.

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