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For two months Hyundai sold over 10 thousand vehicles under the updated state programs

Aug 18, 2020

Hyundai Motor CIS has summed up the first results of its participation in new and expanded car loan programs with government support, launched on June 1st of this year.

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 For two months of the programs "First Car", "Family Car", "Car for Medical Workers" and "Car in Trade-in", 10.5 thousand loans were issued for the purchase of Hyundai Creta crossovers and Hyundai Solaris sedans, the press service of the company reported.

Under the terms of the programs, car owners are provided with a subsidy from the state in the amount of 10% (25% - for residents of the Far Eastern Federal District) of the cost of a new car, the price of which should not exceed 1.5 million Rubles. With the support of Hyundai Finance partner banks - Setelem Bank LLC, Sovcombank PJSC and Rusfinance Bank LLC, the largest number of loans was issued under the Family Car program - 5,888 loans.

The second most popular loan program among Hyundai customers was the First Car program, under which 2,786 loans were issued. Since the start of the new "Car in Trade-in" program, 1,504 car loans have been issued at Hyundai dealerships with the support of the state. The rest number of loans for the purchase of new Hyundai vehicles was successfully disbursed to healthcare professionals under the Car for Medical Professionals program. 325 people were able to use it.

Four government-sponsored car loan programs have made all current versions of the Hyundai Solaris sedan more affordable, as well as the most of configurations of Hyundai Creta crossover. At the same time, the share of Hyundai Creta and Hyundai Solaris reached 68% and 32%, respectively, of the total number of loans issued under preferential terms of state programs for two summer months.

Source: https://eng.autostat.ru/news/18875/

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