Analytics

The CERR has assessed the level of activity in the car market of Uzbekistan

17.09.2021 12:51
514

The analysis of CERR showed that sales in the domestic automobile market in August of this year showed a significant increase in comparison with July.

The Center for Economic Research and Reforms (CERR) regularly analyzes sales in the car market.

In August 2021, the number of car purchase and sale transactions increased significantly. In comparison with the previous month, the growth was 21.4%.

However, in comparison with August 2020, the demand in the domestic car market showed a decrease of 8.6%, which is explained by a number of reasons.

Despite the significant growth in August of this year, sales in the car market did not reach the pre-quarantine level. Thus, compared to August 2019, car sales decreased slightly by 5.1%.

First of all, the global shortage of microchips caused by the coronavirus pandemic continues to put pressure on the activity in the domestic car market, which increases the delivery time.

If sales of new cars in August of this year (12.1 thousand) decreased by 34.9% compared to the previous month (18.5 thousand), then car sales in the secondary market (45.3 thousand) grew by 57.6% in August.

Experts explain the decrease with a temporary suspension of production at the Asaka Automobile Plant UzAuto Motors from July 15 to August 21 this year in connection with the installation and commissioning work, which will allow for the production of Chevrolet Onix and Tracker models.

Fig. 2. Primary and secondary car market in 2021

By regions, the highest sales growth rates were observed in Tashkent (97.2%), Kashkadarya (36.2%), Fergana (20.4%), Navoi (27.7%), Andijan (12%) and Surkhandarya (2.9%) regions, as well as in the Republic of Karakalpakstan (3.8%).

In August 2021, 10.6 thousand new passenger cars were registered (a 38.5% decrease versus July). Of these, 1,021 (10.7%) are foreign cars.

In general, in January-August, 122.4 thousand new cars were sold throughout the country, including 6.2 thousand foreign cars.

During this period, the largest number of sales of new passenger cars were recorded in Tashkent - 3 thousand, including 652 foreign cars, Tashkent - 1.2 thousand (73 foreign cars), Samarkand - 846 cars (48 foreign cars) and Bukhara - 772 cars (37 foreign cars) regions.

Fig. 3. The share of sales of new domestic cars and foreign cars in January-July 2021