Yommie
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The number of LADA cars sold on credit is revealed
In general, 70% of LADA vehicles are sold on credit, with the proportion reaching 80-85% for more expensive models, such as top modifications of the LADA Vesta. This was revealed by AVTOVAZ President Maxim Sokolov in an interview with RBK. He also noted that the demand is obviously affected by...
The number of LADA cars sold on credit is revealed
In general, 70% of LADA vehicles are sold on credit, with the proportion reaching 80-85% for more expensive models, such as top modifications of the LADA Vesta. This was revealed by AVTOVAZ President Maxim Sokolov in an interview with RBK. He also noted that the demand is obviously affected by the high key rate of the Central Bank, which to a greater extent affects the cost of production.
Meanwhile, AVTOVAZ and Promsvyazbank (PSB) signed an agreement to create a joint venture for car leasing. Furthermore, at the end of June, AutoFinance Bank will collaborate with PSB to offer new credit options to LADA buyers. As previously reported by AUTOSTAT, in May AVTOVAZ sold 40,813 passenger cars and light commercial vehicles in Russia, representing a 70.7% increase compared to the same period last year.
According to the carmaker, during the first five months of 2024, LADA dealers in Russia sold 177,927 vehicles, which is 53.7% more than a year ago.

