Before that it was equal to 19%.
According to the data for March 2024, interest rates on car loans for new cars in Russia have begun to decline, the average rate fell from 19 to 16 percent.
This is reported by the publication "Kommersant", referring to the report of analysts of the IT platform for car loans "eCredit".
Experts also note the reduction in the terms of lending for the purchase of new cars to 68 months for the period. They point to several factors affecting this dynamics, including subsidized rate programs valid for terms of two to five years.
At the same time, the opposite trends were observed in the segment of used car loans in March. The average interest rate on such loans remained practically at the same level, about 20 percent. However, the terms of loans for used cars on average increased to 76 months, experts summarize.
Earlier, LADA Granta cars with automatic transmission appeared at dealers in the Russian Federation, and also Toyota released the newest version of its iconic SUV.