The Ministry of Industry and Trade will strengthen measures to support car demand in order to prevent a 40% drop in sales. This was announced by the head of the Ministry of Industry and Trade of the Russian Federation, Anton Alikhanov, in the Federation Council.
Last year, the Russian automotive industry grew by 35% thanks to government support programs for demand. However, over the past five months, the market has decreased by 28%. The reason is high interest rates on loans and tightening of car loan conditions.
In order to prevent the projected 40 percent decline, we will increase discounts on our demand support mechanisms, and fully restore the "First Car" and "Family Car" programs.
The Minister noted that it is currently difficult for farmers to obtain loans at market rates. Because of this, the production volumes of enterprises have fallen by 18% since the beginning of the year. At the same time, companies are actively investing in the construction of factories to localize critical imported components.
To support agricultural producers and machine builders, we and the Ministry of Agriculture have prioritized discounts on the most affected segments of equipment, recapitalized Rosagroleasing, and launched a new leasing program with DOM.RF, attracting investment resources from the market through infrastructure bonds. This mechanism is actively unfolding in June, and we are already seeing the first positive effect.
Sales of new cars, trucks, and buses in Russia in the first five months of 2025 decreased by 28% compared to the same period last year, reaching 506.5 thousand units. This was previously reported by the Ministry of Industry and Trade.
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