OREANDA-NEWS. The Government's program of preferential car loan, resumed from April 1st, 2015, is designed to slow down the decline of the market under current conditions and mitigate the effects of the fall. The fact that many banks began to involve actively in this program from the first day shows once again its relevance. Without this form of state support there was nothing good since the end of 2014 and to the present day in the car loan. Just look at the figures that were presented in March by Alexey Volkov (NBCH) at the conference "The automotive market in Russia. Results and forecasts. "

Mr. Volkov in his report said that in 2013 it was bought 48% of cars for borrowed funds and banks considered car loans as one of the main drivers of growth. However, in 2014 it was only 40.5% (at the end of fourth quarter - 35.5%), and the situation in January of 2015 looks worse. Compared with January of 2014, the fall in the number of granted loans was 53%, ie more than doubled.

Back in December 2014, many banks stopped in principle the issue of auto loans, some banks restored the issuance in a week, someone two and someone never recovered. Bankers complained about the lack of strategy, lack of stability.

Today, thanks to the allocated 1.5 billion Rubles for the support of the Program from the budget, this business, as the car market as a whole has a chance to reduce the depth of the fall.