About 485,000 car loans were issued in Russia in 2015, 41 percent less than in 2014, the Vedomosti newspaper reported Wednesday.
However, the proportion of vehicles bought on credit grew
by 1.9 percent to 37.1 percent of general sales, according to research
conducted by the National Bureau of Credit History (NBKI) and the
Autostat analytical agency.
"There was an especially steep fall in loans being issued
in the first quarter of 2015, over three times less than that of the
first quarter of 2014. In subsequent periods the decline in lending was
less significant," NBKI specialists said.
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