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The Russians set an absolute record for the volume of car loans in April


The average size of a car loan is also increasing, spurred on by rising car prices. So, in February 2022, it reached the maximum 1.4 million rubles, and now it has again overcome this bar, rising to 1.42 million. According to Avtostat, last year the cost of a new car in Russia increased by 20 percent, and used cars – by 32 percent.

The car loan market fell sharply last spring, when many brands closed Russian production facilities and stopped supplying cars to the country. This led to a shortage of cars, their rapid rise in price and reduced sales.

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