The Center for Economic Research and Reforms regularly analyzes the situation in the automotive market of Uzbekistan. According to the results of August, total sales of motor vehicles in the republic increased by 9%, exceeding 111 thousand units. Year-on-year, activity decreased by 25%.
In August, sales of passenger cars increased by 11% to 102 thousand units, which is the highest value since February this year.
However, year-on-year sales of passenger cars continue to decline, falling by 24.6%. Thus, despite the monthly growth, the annual dynamics remains weak.
Trends in passenger car sales in the regional context show that in August the largest growth was recorded in Surkhandarya, Ferghana and Andijan regions, by 54%, 25.4% and 24.8%, respectively.
In the primary passenger car market, sales increased by 22.4% compared to the previous month, which is almost 7 thousand cars more than a month earlier. In annual terms, activity is stabilizing, if in July the sales decline was at the level of 12%, then in August it was only 1%.
The trend towards an increase in sales rates in the segment of new cars of domestic production continued. In particular, sales of such cars amounted to 34 thousand with an increase of 22%. In annual terms, there is an increase in activity by 5%.
The market of foreign passenger cars in the Uzbek market continued to grow. If sales in this segment increased by 9.6% in July, then in August the growth exceeded 25.6%, which is more than 680 foreign cars more than a month earlier.
Still, this increase in activity does not compensate for the decrease in sales in annual terms, which amounted to about 38%.
The situation in the secondary passenger car market is characterized by a continued increase in sales dynamics, maintaining the trend of an annual decrease in sales volumes.
In particular, in August, activity in the secondary passenger car market increased by 5% compared to the previous month. During the reporting period, 64.6 thousand cars were sold in this segment. Overall, sales decreased by 33.7% over the year.
The segment of passenger electric vehicles shows a decline in sales. The volume of sales amounted to 1.7 thousand units, which is almost two times less than a month earlier.
In the regional context, there was a decrease in sales in 5 regions. At the same time, more than 90% of the total decline occurred in the capital, where sales decreased by 66%.
In the primary market of new electric vehicles, sales decreased by 53% over the month, while in the secondary market the decrease was 37%. On an annual basis, sales of supported electric vehicles increased by 20%.
CERR Public Relations Sector
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