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In August 2024, the car market in Uzbekistan showed an 11% increase, reaching 102,000 cars sold. This result marked the highest sales since February of this year. However, despite the positive monthly growth, annual sales continue to decline. Compared to the same period last year, sales have dropped by 24.6%, indicating the ongoing weakness of the market. These figures were reported by the Center for Economic Research and Reforms.
Regional Sales Dynamics
Regional data analysis shows that the highest growth in car sales in August was recorded in Surkhandarya (+54%), Fergana (+25.4%), and Andijan (+24.8%) regions. These areas have seen increased demand for cars, significantly contributing to the overall growth in August.
Primary Car Market
In the primary car market, sales in August increased by 22.4% compared to the previous month, which translates to nearly 7,000 more cars sold. Annually, the activity in the primary market seems to be stabilizing. While sales fell by 12% in July, the decline was only 1% in August, indicating a potential stabilization in the demand for new cars.
Sales of domestically produced cars also showed a confident rise. In August, 34,000 new cars were sold, a 22% increase compared to July. In annual terms, sales grew by 5%, showing continued interest in locally manufactured vehicles.
Foreign Car Market
The segment of foreign-made cars showed more significant growth in August, with a 25.6% increase. In numerical terms, this is 680 more cars sold than in July. However, in annual terms, foreign car sales continue to decline, showing a 38% drop.
Used Car Market
In the used car market, sales in August reached 64,600 cars, a 5% increase from the previous month. However, annual sales in this segment have dropped by 33.7%, indicating decreased activity in the used car market.
Electric Vehicle Market
The electric car market saw a significant decline in activity. In August, only 1,700 electric vehicles were sold, nearly half of what was sold in July. Demand dropped in five regions, with more than 90% of the overall decline coming from Tashkent, where sales fell by 66%.
In the primary market for new electric cars, sales fell by 53%, while in the secondary market, the decline was 37%. However, in annual terms, sales of used electric cars increased by 20%, indicating continued interest in this segment despite the overall drop.
Thus, despite short-term improvements in some market segments, the overall annual car sales trend in Uzbekistan remains negative.
The text has been translated by AI. For more accurate information, please refer to the Russian version of the article
