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In the past summer month, the domestic car market continued its slow recovery. If this continues, it will be the best result since the introduction of anti-Russian sanctions.
In March of this year, we sold 78,928 new cars, while that fell to 27,965 in April. In the summer, demand started to recover slowly; in June and July, citizens bought 32,731 and 35,583 new cars, respectively.
According to Kommersant, after the results of four weeks – from August 1 to August 28 – 37,500 cars have found their owner. And based on the average monthly sales figures, we can conclude that 42,000 cars were sold at the end of the month.
The publication notes that the market is supported by credit programs. The proportion of cars bought on credit today averages between 30% and 60%, depending on the brand. Strong support comes from subsidized car loans, which resumed in July. With this arrangement, the buyer saves 20% on the cost of the car. However, LADA cars are mainly purchased under this program, so one should not expect a significant increase in the car market.
In March of this year, we sold 78,928 new cars, while that fell to 27,965 in April. In the summer, demand started to recover slowly; in June and July, citizens bought 32,731 and 35,583 new cars, respectively.
According to Kommersant, after the results of four weeks – from August 1 to August 28 – 37,500 cars have found their owner. And based on the average monthly sales figures, we can conclude that 42,000 cars were sold at the end of the month.
The publication notes that the market is supported by credit programs. The proportion of cars bought on credit today averages between 30% and 60%, depending on the brand. Strong support comes from subsidized car loans, which resumed in July. With this arrangement, the buyer saves 20% on the cost of the car. However, LADA cars are mainly purchased under this program, so one should not expect a significant increase in the car market.
Source: Avto Vzglyad
I’m Sandra Torres, a passionate journalist and content creator. My specialty lies in covering the latest gadgets, trends and tech news for Div Bracket. With over 5 years of experience as a professional writer, I have built up an impressive portfolio of published works that showcase my expertise in this field.
