Residents in Krasnodar are borrowing automobile loans at a higher rate compared to any other region in southern Russia.
In the first half of 2025, the car loan market in Southern Russia and the North Caucasus showed a notable trend with an increased number of applications among young adults from new regions such as the North Caucasus, Kalmykia, Crimea, and Adygea. This surge was particularly noticeable among individuals under 30 years old.
The data reveals that residents of these regions obtained over 6,000 car loans, totalling 7.5 billion rubles. Krasnodar Krai led in the volume of car loans issued, with 3.3 billion rubles, followed by Rostov and Stavropol regions, each with 1.8 billion rubles.
Interestingly, the average car loan amount varied significantly across regions. The highest average car loan amount was recorded in Crimea (1.3 million rubles), while the lowest was in North Ossetia-Alania (910,000 rubles).
Car lending consistently ranked among the top three most popular consumer loan types in the region. Analysts at Sberbank noted that every sixth ruble issued for consumer lending was directed towards purchasing a vehicle. Up to 30% of Southern Region deals involved joint programs with automakers offering interest rate subsidies.
However, the article does not provide any new insights about Sberbank's distribution of rubles for consumer lending towards vehicle purchases, nor does it report on any new findings regarding the state programs supporting the purchase of domestic vehicles or the joint programs with automakers offering interest rate subsidies.
The average car loan amount in Southern Russia increased by 26% year-on-year, reaching 1.2 million rubles. The significance of car lending for residents of the region is underscored by Sberbank analysts.
It's important to note that the economic context for Russia in 2025 suggests signs of economic slowdown with a possible recession starting in 2026, and monetary policy easing continuing in 2025, including key interest rate cuts by the Central Bank of Russia to support the cooling economy. Such macroeconomic factors may influence the car loan market, possibly tightening lending conditions or affecting loan demand.
To obtain more precise insights on car loan trends in Southern Russia and the North Caucasus for H1 2025, one would typically look for regional banking or financial institutions’ reports, auto loan market analyses, consumer credit statistics by region, and reports from Russian credit bureaus or central bank regional departments. Given the lack of this information in the search results, a definitive answer cannot be provided at this time.
Finance statistics reveal that a total of 7.5 billion rubles were allocated for car loans in Southern Russia and the North Caucasus, with the majority of these loans issued in Krasnodar Krai. Furthermore, it was noted that the average car loan amount in the region increased by 26% year-on-year, reaching 1.2 million rubles, highlighting the significance of the car loan market in these areas.
