Uzbekistan’s automotive market shows signs of recovery
Tashkent, Uzbekistan (UzDaily.com) — The Center for Economic Research and Reforms (CERR) has released an analysis of Uzbekistan’s automotive market, highlighting short-term positive trends. In January 2025, sales of passenger cars rose by 9.5% compared to December 2024, reaching 78,600 units.
This increase indicates a market recovery after four months of declining activity. However, on a year-on-year basis, passenger car sales dropped by 38.5%.
The highest sales growth in January was recorded in Surkhandarya (27%), Andijan (25%), and Namangan (24%) regions, which led the resurgence in demand for automobiles.
The primary car market also showed positive developments. Sales of new vehicles increased by 18.5% compared to December, reaching 4,100 units, though this segment saw a 15% annual decline.
Domestic car sales saw a significant uptick, with 21,700 units sold in January—3,300 more than the previous month.
The market for foreign-made cars, both new and used, also demonstrated strong growth. Sales of imported cars rose by 21% in January, reaching 4,900 units. Compared to the same period last year, this figure increased by 42%, reflecting a growing consumer preference for imported vehicles.
The secondary car market also showed increased activity, with 52,000 vehicles sold in January, marking a 5.4% rise from December 2024.
The electric vehicle (EV) segment continues to experience rapid expansion. In January 2025, sales of both new and used EVs increased by 24%, reaching 5,500 units.
Notably, the demand for used electric vehicles surged, with sales tripling year-on-year. Meanwhile, sales of new EVs grew at a steadier pace, rising 1.3 times compared to last year.
CERR’s analysis suggests that Uzbekistan’s automotive market is gradually recovering from its previous downturn. The growth in both new and used car sales, along with the dynamic expansion of the EV sector, indicates improving consumer activity. However, the annual decline in sales underscores the need for further demand stimulation and industry support.