In November, the automotive market in Uzbekistan experienced a significant downturn, as reported by the Center for Economic Research and Reforms (CERR). The number of vehicle registrations and re-registrations for the month totalled 147,500, marking a 19% decrease from October’s record numbers and a 7% decrease year-on-year.
Passenger car sales dropped to 131,000 units, a decrease of 22% from the previous month and 12% year-on-year. The decline was most pronounced in the Surkhandarya, Kashkadarya, and Ferghana regions.
Experts attribute this decrease in sales to the cyclical nature of demand in the automotive market. However, total sales since the beginning of the year have increased by 16.4%, with the passenger segment seeing a 10.4% increase.
In the new car segment, monthly demand decreased by 21% but showed a 16% increase compared to last November. Sales of locally produced vehicles amounted to approximately 31,000 units, a 20% decrease from the previous month.
The number of registered new foreign cars was 4,400, a quarter less than in October. However, the annual growth was 32%, significantly exceeding the overall trend.
Sales in the secondary car market decreased by 23% to 95,000 cars for the month. This represents a 20% decrease compared to last November, which saw the previous maximum.
Sales of electric vehicles continued to decline, with Uzbeks purchasing 1,900 electric cars in the past month, 30% less than in October. Demand for new electric vehicles decreased by 28%, and in the used segment, it decreased by 36%. Despite this, compared to last year, sales increased tenfold and threefold, respectively.
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