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Learn moreNov 2020
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The impact of the COVID-19 pandemic and consequent economic downturn has limited demand for consumer credit in Russia. Driven by the economic context, demand for consumer credit has suffered from a significant drop in consumer confidence and willingness to purchase expensive items with credit.
Auto lending in Russia was hit particularly hard by the COVID-19 outbreak, with sales of new cars crashing throughout the country and demand for loans thus plummeting. Indeed, car sales were already declining in the country before the pandemic, with the government supporting the industry with subsidised programmes.
In response to the current crisis, the Russian government is taking a number of measures in a bid to stimulate demand and support industry players. For example, in order to support auto lending, the government will continue to offer generous subsidies.
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Gain competitive intelligence about market leaders. Track key industry trends, opportunities and threats. Inform your marketing, brand, strategy and market development, sales and supply functions.
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Discover the latest market trends and uncover sources of future market growth for the Consumer Credit industry in Russia with research from Euromonitor's team of in-country analysts.
Find hidden opportunities in the most current research data available, with our detailed market analysis and plan your corporate strategy with our expert qualitative analysis and growth projections.
If you're in the Consumer Credit industry in Russia, our research will save you time and money while empowering you to make informed, profitable decisions.
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Euromonitor’s Consumer Credit industry reports, originate from our Passport database, to find out more click here.
Gain competitive intelligence about market leaders. Track key industry trends, opportunities and threats. Inform your marketing, brand, strategy and market development, sales and supply functions.