Every fifth car bought on credit in Russia in the first half of 2020 was of domestic production, and another 18 per cent were cars of Korean brands, RIA News reports with reference to the financial marketplace Unicom 24.
Thus, motorists in Russia often buy domestically produced vehicles on credit (20 per cent). In particular, the Lada brand accounts for almost 95 per cent of the total share of the Russian car market, for which a targeted loan was issued. Then the Korean-made cars, usually Kia and Hyundai, are quite popular in the country. The third place is occupied by German cars, the most popular of which is Volkswagen. It is noted that more than a third of all loans for the purchase of cars are issued by borrowers aged 25 to 35 years, another 30 per cent by Russian car owners in the 35-45 age group, and 16 per cent by Russians aged 46-50.