Uzbekistan sees 19% monthly increase in passenger car sales, yet annual figures drop by one-third year-over-year — CERR report

In July, approximately 102,000 vehicles of all types were registered in Uzbekistan. This marks a 17.4% increase in sales compared to June, which had seen a historic low in demand. Nevertheless, compared to July 2023, sales have dropped by 29%.

The volume of passenger car sales reached around 92,000 units. This figure represents an 18.6% increase from the previous month but shows a 30% decrease year-over-year.

The highest growth in demand was observed in the Namangan region (+52%), followed by the Kashkadarya (+36%) and Andijan (+29%) regions.

In the primary segment, the annual decline was less pronounced (-12%), with a 17% increase compared to June, reaching 30,400 vehicles. Sales of locally manufactured cars increased by 17.5% over the month but decreased by 6% compared to the previous year.

Demand for foreign cars grew at a slower pace — 9.6%, reaching 2,600 vehicles. This is nearly half of last year's figure.

Sales of used cars totaled 61,500 units, rising by 19.6% in a month. However, on an annual basis, they decreased by more than a third.

The only segment showing long-term growth was electric vehicles. Over the month, Uzbeks purchased 3,400 electric cars, which is a 13% increase from June and a 28% increase compared to the previous year.

The secondary market for electric vehicles is growing faster than the primary market — 18.2% compared to 11.2% over the month. Compared to last year, sales of used electric cars have tripled.

In the first half of the year, Uzbeks purchased 580,400 passenger cars, a 19% decrease compared to the previous year. The CEIR attributes the decline mainly to stricter requirements for vehicle re-registration and increased costs for vehicle documentation and re-registration.