Lowering the key rate of the Central Bank will improve sales in the Russian car market. However, there will be a decline by the end of the year, said First Deputy Prime Minister of the Russian Federation Denis Manturov.
The Deputy Head of Government noted that there is hope for a decrease in the current rate by the end of 2025, which will significantly affect buyers' decisions to purchase a car.
And, probably, those indicators that the Association of European Businesses and other consultants give, 24% or 20%, that is, a drop in car sales by the end of the year, is probably still close to the truth.
Manturov explained that it is unlikely that it will be possible to increase the volume of deliveries by December. But if the rate is reduced, a correction towards improvement is possible by the end of the year.
It should be noted that representatives of the automotive industry have repeatedly stated about problems with the sale of cars due to the high key rate, which increases the cost of car loans.
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