An additional 10.4 billion rubles may be allocated for preferential car loans in 2027

Funding for the program may be increased more than twofold

The volume of budget funds for the preferential car loan program in 2027 may be raised to 17.4 billion rubles, compared with the originally allocated 7 billion rubles. Interfax reported this, citing a source close to the Ministry of Industry and Trade of the Russian Federation. As part of preparing the three-year federal budget draft for its second reading in the State Duma, it is proposed to additionally allocate 10.4 billion rubles for preferential car loans.

Demand for the program outpaces the limits

The current year provides an illustrative backdrop for the possible increase: 20 billion rubles were allocated for supporting demand in the automotive industry through preferential lending in 2026, but these funds were fully exhausted by the end of the third quarter. According to the agency's source, to optimize budget spending, an adjustment to the parameters of the vehicle production localization level is being worked out — a measure intended to stimulate the development of domestic production and the localization of the component base.

Context: falling sales and the return of the program

Further details are provided by a Gazeta.Ru article: in October, sales of new cars in Russia fell by 20% despite the positive start of the year. Representatives of dealer holdings and experts interviewed by the outlet linked buyers' rejection of new cars to abnormally high prices, driven primarily by rising utilization fee rates; among the drivers of the decline, they also cited the high key rate of the Central Bank, which made car loans unaffordable. It was previously reported that preferential car loans will return on December 1. Thus, the discussed increase in the 2027 budget is, for now, an amendment to the second reading, not an approved decision; the final volume of funding will become known after the amendments pass through the State Duma.