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Car sales in Uzbekistan continue to decline. Despite a slight increase in July, annual car sales are still decreasing, particularly in the passenger foreign car segment, where a 46.5% drop has been observed.
This information is detailed in a market review prepared by the Center for Economic Research and Reforms.
In July, there was an 18.6% increase in the number of passenger cars sold compared to June, reaching 92,000 units. However, experts believe this does not indicate a quick recovery of the market.
Situation in the Primary Car Market
In the primary passenger car market, sales in July increased by 17% (+4,000 cars) compared to the previous month. However, in annual terms, there was a 12% decrease in activity.
In July, sales in the segment of new domestically produced cars rose by 17.5%. However, in annual terms, there was a 6% decrease.
The market for passenger foreign cars also started to grow in July. Sales in this segment increased by 9.6%, reaching 2,600 units, which is 200 more cars than the previous month.
This relatively small increase in activity does not compensate for the annual decline in sales, which amounted to approximately 46.5% compared to the previous year.
Secondary Car Market
The situation in the secondary passenger car market is characterized by an increase in sales dynamics while maintaining the trend of annual decline in sales volumes. Specifically, in July, activity in the secondary passenger car market grew by 19.6% compared to the previous month. During the reporting period, around 61,500 cars were sold in this segment. Overall, annual sales decreased by 37%.
Situation in the Electric Vehicle Market
In July, the passenger electric vehicle segment showed growth in sales. The sales volume reached 3,400 units, which is more than 390 cars compared to June. Additionally, compared to July of last year, electric vehicle sales increased by 28%.
In Uzbekistan’s primary electric vehicle market, sales grew by 11.2% over the month, while the secondary market showed an increase of more than 18.2%. On an annual basis, sales of used electric vehicles tripled.
The text has been translated by AI. For more accurate information, please refer to the Russian version of the article.
