It was sold more than 300 thousand cars by programs to stimulate demand

OREANDA-NEWS. More than 303 thousand vehicles of all types are sold in the current year due to the action of a complex of measures of state support - the parc renewal program (it is effective from January 1st), the program of preferential car loan (effective from April 1st), and the program of preferential lease (effective May 15th).

As the press service of the Ministry of Industry and Trade of the Russian Federation informed, consumers still prefer cars that are produced in Russia. According to one of the leading participants of the program of preferential car loan, "Setelem Bank" (currently it issued more than 29 thousand car loans), the five best-selling models are as follows: Kia Rio, Hyundai Solaris, Lada Granta, Kia Cee'd and Lada Kalina. Totally, the program involved 97 Russian banks and the average rate on auto loans with account of the discount for the last week was 11%.

The preferential lease continues its work and it is available to both legal entities and individuals. From August 3rd to 9th it was signed 1471 agreements, and since May 15th due to the program it was sold about 14 thousand new cars.

"The effectiveness and timeliness of the state support measures for the car market is obvious. They are working and permit to contain a drop in sales and production, which would have been much worse if all these programs have not been implemented. We monitor permanently the effectiveness of taken measures and, if necessary, we are ready for their adjustments. In particular, due to the growing popularity of preferential leasing, we expect to increase the funding of the program from 2.5 to 3.5 billion rubles in 2015. It will permit to sell on preferential conditions other 6.4 thousand vehicles as commercial vehicles, so passenger cars, including for private individuals - since 2015 a preferential leasing became available to all categories of consumers, "- said the head of the Ministry of Industry and Trade, Denis Manturov.

As it was reported earlier, the state program to support the car market provided 38% of the sales of Lada cars for seven months in 2015. Among sold KIA cars on the loan in January-July, 76% were sold with the assistance of government subsidies to support car loans, and in July, the share of such sales was 92% (4591 cars) from the total volume of sales on credit.