Kazakhstan Auto Sales 2016 collapsing for the third year in a row hit by the energy sector crisis. The market felt down at the 2012 level losing over 20 spots in the global ranking.
Market Outlook
A stabilization in the country’s financial conditions and higher oil prices led to an improvement in economic activity in the second half of 2016, thanks to the end of maintenance work at Tengiz and the opening of the Kashagan oil field. FocusEconomics analysts agree that the government’s commitment to cut oil output will not impact the GDP growth forecast, leaving the country’s 2017 GDP growth forecast unchanged from last month’s 2.1%. In 2018 they see the economy accelerating further to a 2.8% expansion.
“Once upon a time…” the domestic vehicles market was the fastest growing globally (2011, 2012) while now it is collapsing month after month hit by absolute shortage on demand. For the third year in a row, the market fell down. Furthermore, the really bad fourth quarter data do not suggest potential for a 2017 recovery.
Indeed, according to data released by the Kazakhstan Auto Association, in December the vehicles passengers had been 6.129 (-39%), hitting the 28th y.o.y. drop down in a string and ended the year with 45.872 units (-53.0%).
Competitive Arena
In 2016, Toyota was the brand leader with 9.059 units (+25.3%) ahead of Lada and Renault, despite they fell down respectively 66.8% and 55.5% at 8.147 and 3.772. Among the highest increases of the year were reported by Lexus, Hyundai trucks and bus and Kamaz, while Jac was the best performer improving 515.8%.
Uz-Daewoo recorded the sharpest slowdown declining 95.4%, while quitting the market replaced by the new brand Razon, followed by SsangYong, Chevrolet, Geely, Iveco and Hyundai.
The best-selling model was the Toyota Camry with 3.190 units (+59.2%) ahead of the GAZ Gazelle with 2.287 (-51.5%) and the Lada Priora with 2.285 (-61.7%). The Lada 4×4 was fourth with 2.261 sales (-7.0%) followed by the Lada Granta with 1.883 (-74.2%).
Tables with sales figures
In the tables below we report sales for all Brands, top 10 Manufacturers Group and top 10 Models
