The Center for Economic Research and Reforms has presented an analysis of Uzbekistan’s automotive market for February.
According to the analysis, activity in both primary and secondary automotive markets showed an average decline last month.
While sales of new locally manufactured light vehicles remained stable, sales of foreign-manufactured vehicles dropped by more than half.
In the electric vehicle segment, despite a decrease in activity by the end of the month, growth is observed when compared to the previous year.
Primary market
The light vehicle market is experiencing an overall decline in sales, primarily driven by reduced activity in the foreign vehicle segment.
In February, light vehicle sales fell by 14.5% compared to the previous month, totaling 67,200 units.
During the month, sales of new locally produced vehicles remained nearly unchanged at 21,700 units, while sales in the new foreign vehicle segment decreased by more than half.
Secondary market
Activity in the secondary market for light vehicles also declined.
In February, 43,300 vehicles were bought and sold, a 16% drop compared to January of this year.
Electric vehicle market
The segment for new light electric vehicles shows signs of declining activity. In February, sales amounted to 2,900 electric vehicles, down 11% from the previous month.
However, on a year-over-year basis — compared to February 2024 — activity has more than doubled.
Imports of light vehicles
