Why is this important
The car market is a sensitive indicator of consumer demand and the overall state of the economy. Changes in sales dynamics reflect both households’ financial capabilities and business and population expectations. Separating trends between primary, secondary markets, and individual segments allows for a more accurate assessment of structural shifts in demand.
What happened
- In November, car sales in Uzbekistan decreased compared to October, despite maintaining growth in annual terms.
- CERR compiled a report reflecting trends in the sales of motor vehicles across all categories, broken down by markets and regions.
Numbers and facts
- Total sales of all categories of vehicles amounted to 101.1 thousand units, which is 10.1% less than in October.
- In annual terms, the total sales volume increased by 6%.
- Sales of all types of passenger cars increased: in Tashkent — by 33.7%, in Karakalpakstan — by 8%.
- In the primary market, sales of passenger cars increased by 15%, which corresponds to an increase of about 4.4 thousand units compared to November of last year.
- Demand for new locally produced cars decreased by more than 10% in a month — to approximately 30,000 cars, but it turned out to be 13.6% higher than a year earlier.
- Foreign car sales grew by 11.1% over the month, reaching 5,000 units, and by 22.5% year-on-year.
- 52 thousand cars were sold in the secondary market, which is 9.4% less than in October.
- Compared to last year, the demand for used cars decreased by 8%.
- Electric car sales increased by 1.8 times year-on-year, while demand for used cars in Tashkent grew by 1.4 times (absolute figures are not disclosed).
Context
- The decrease in sales compared to the previous month indicates a weakening of short-term demand in the car market.
- At the same time, the positive annual dynamics in a number of segments indicate the preservation of structural interest in purchasing cars.
- The growth in sales of electric cars and certain categories of used cars indicates a redistribution of demand within the market.
- Seasonality, price sensitivity of buyers, and differences in demand for domestically produced cars, foreign cars, and used vehicles continue to play a significant role.
