Car loan market in Tomsk region: results of September and trends of the year

Relative to August indicators, the activity of borrowers in the segment of car loans slightly declined. The decrease was recorded symmetrically – both in terms of the number of transactions concluded and the total amount of financing, both indicators fell by 4%. On average, one loan in the region was 1.61 million rubles, and the repayment period reached 71 months, which exceeds five and a half years. If we consider the period from the beginning of the year to September, then during this time Tomsk concluded more than 4 thousand contracts, and the total amount of borrowings approached 6.4 billion rubles.

Commenting on the situation, Director of Risk Management Methodology and Data Analytics of OKB Nikolai Filippov noted that car lending is still a popular way to buy a car. Subsidized programs from banks and manufacturers play a significant role. At the same time, the high level of the key rate does not allow market loans to become cheaper. Together with the rise in the cost of the cars themselves, this narrows the circle of potential borrowers, making loans affordable for everyone.

In general, over 112,000 car loan agreements were concluded in Russia in September, and the total amount of funds issued amounted to about 179 billion rubles. Compared to the previous month, the number of grants and the amount of funding decreased by 2%. In the context of the year, there is a more noticeable decline: the number of loans fell by 14%, and the volume of funds by 10%. The average loan for new cars in the country amounted to 1.6 million rubles, while for used cars - 1.5 million rubles.