What cars are most often bought by Russians on credit

If earlier Russians mainly bought products of Korean brands on credit, now Chinese manufacturers have taken their place. In addition, none of the market’s old-timers managed to gain the status of the most popular brand among foreign automakers.

Surprisingly, Russians usually began to apply for a loan to buy the Omoda C5 crossover, the only model in the product line of the “heavenly” brand that appeared on the market only last fall. According to VTB Bank statistics, the total volume of transactions with the new owners of Omoda exceeded 1.5 billion rubles.

And only third place in the ranking of cars sold on credit was taken by the Korean Kia with a share of 8.9%. In comparison, Lada cars account for 30% of all loans. The top five most popular loan cars also include Hyundai with a share of 7.2% and Volkswagen, accounting for 4% of the total number of loans issued.

If earlier Russians mainly bought products of Korean brands on credit, now Chinese manufacturers have taken their place. In addition, none of the market’s old-timers managed to gain the status of the most popular brand among foreign automakers.

Surprisingly, Russians usually began to apply for a loan to buy the Omoda C5 crossover, the only model in the product line of the “heavenly” brand that appeared on the market only last fall. According to VTB Bank statistics, the total volume of transactions with the new owners of Omoda exceeded 1.5 billion rubles.

And only third place in the ranking of cars sold on credit was taken by the Korean Kia with a share of 8.9%. In comparison, Lada cars account for 30% of all loans. The top five most popular loan cars also include Hyundai with a share of 7.2% and Volkswagen, accounting for 4% of the total number of loans issued.