According to the analysis by the Center for Economic Research and Reforms, car sales in Uzbekistan have been decreasing for the second month in a row. In March, almost 109 thousand vehicles were registered and re-registered with the State Road Safety Inspectorate, which is 5.8% lower than the previous month and 12.9% lower than in March 2023.
Sales of passenger cars decreased by 12.1% compared to February and by 12.9% compared to the previous March, totaling 96.5 thousand units. In the first quarter, a total of 334.3 thousand passenger cars were sold, showing a 3.2% decrease compared to the same period last year. The regions with the largest decline were Surkhandaryo, Fergana, and Navoi regions.
Primary market sales dropped by 16.7% to 24 thousand units in a month and showed a slight decrease of 0.2% annually. Out of this volume, 19.5 thousand sales were domestic cars, which experienced a 17.2% decrease in sales over the year. Demand for foreign cars decreased to 2300 units (13.7% monthly, 20% annually).
In the secondary market, 74.6 thousand cars were sold, which is 10.6% lower than in February and 16% lower than in March of the previous year. The electric car market began to stagnate, with only a 0.1% increase in activity in March, but a 2.4-fold increase annually. A total of 8000 electric cars were sold in the first quarter.
