
VTB: In July, the auto lending market showed a 23% growth
August 6, 2025, 14:59
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EconomicsAccording to preliminary estimates by VTB, in July Russian banks provided about 164 billion rubles to the population for the purchase of new and used cars. This volume is 23% higher than in June of the current year but 31% lower than in July 2024.
The total volume of auto loan sales in Russia since the beginning of the year reached approximately 798 billion rubles. This is 44% lower than the result for the first seven months of last year.
The main activity of borrowers remains focused on the new car market, thanks to government support and subsidized manufacturer programs. The vast majority of deals in this segment are made with Chinese and Russian brands, with brands from other countries accounting for only about 1%, according to VTB statistics.
"The growth in auto loan issuance in July is directly related to the correction of their prices following the reduction of the key interest rate. As a result, some clients who had previously delayed their purchase have returned to the idea of buying a car," said Senior Vice President and Head of the Retail Business Products Department at VTB, Alexey Okhorzin.
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