The share of cars sold on credit increased in the first quarter of 2016

Russian Automotive Market Research

According to the National Bureau of Credit Histories (NBCH), in the first quarter of 2016 the number of cars purchased on credit in the Russian market amounted to 100.1 thousand units, having increased by 65.7% in comparison with the similar period of the last year (in the first quarter of 2015 – 60.4 thousand units).

In January-March 2016 the share of cars bought on credit was 37.3%. Compared to the similar period of 2015 this figure increased by 15.3% (in January-March 2015 22% of sold cars were purchased on credit).