The Center for Economic Research and Reforms assesses the activity level in the car market of Uzbekistan

The Center for Economic Research and Reforms assesses the activity level in the car market of Uzbekistan

The Center for Economic Research and Reforms (CERR) monitors changes in automobile sales on a regular basis.

In November 2021, the number of transactions of the car sales in the republic retained an upward trend in activity. So, despite a slight decrease (2.7%) in sales as compared to October, growth was 29% compared to September.

At the same time, in comparison with November 2020, the demand in the domestic car market showed a moderate growth of 8.8%, and in comparison with the same period in 2019, there is a jump of 18.2%.

Fig. 1. Index of change in the number of registered and re-registered vehicles

In January-November 2021, car loans were issued for 7.8 trillion sums. This is 40% more than in 2020 (5.6 trillion sums in 2020).

By region, the highest growth rates of car loans were observed in Bukhara region (114%) and Tashkent city (2.4 times). The situation with microchips in the primary car market remains difficult.

There remains a shortage of microchips, its consequences are a shortage of cars and a change in configurations. At the same time, prices in the secondary market are growing following the segment of new cars.

By region, the highest sales growth rates were recorded in Kashkadarya (12.1%), Khorezm (10.5%) and Karakalpakstan (6.3%). In Namangan (17.1%), Fergana (14.9%), Surkhandarya (14.4%) and Navoi (10%) regions, the number of car purchase and sale transactions decreased.

In November 2021, 17.4 thousand new passenger cars were registered (a 5.9% decrease versus October). Of these, 1270 cars (7.3%) are foreign cars.

Fig. 2. Primary and secondary car market in 2021

In general, in January-November, 169.7 thousand new cars were sold in the country, including 11.2 thousand foreign cars.

Khalilullokh Khamidov, Head of the Sector, the CERR

Tel: (78) 150 02 02 (410)

Public Relations Service CERR

Share this post

Similar news