Uzbek Vehicles Market in the 2019 benefit from the cut of import duties applied since January and is reporting the arrival of several new players with year to date sales up 5.4%. The domestic producers, UZ-Daewoo and Chevrolet are losing market share while the fastest growing brand ranks in third place and is the Russian Lada, up 144%.
Uzbek Vehicles Market has grown 10.2% in 2018 with 139.902 sales while the market is rapidly changing opening to the international co-operation after that the Government signed agreements with Hyundai, PSA, Volkswagen and Chinese brands to start local production and sales from the 2019.
Uzbekistan vehicle market kept declining in the 2017 with sales down 14.7% mainly due to the increase of export decided for the GM-Uzbekistan production. The state-owned company is stable near 92% market share.
Uzbekistan Vehicles Market still on demand in the 2016 albeit local production quota for domestic sales had been limited. The new brand Ravon dominates with over 70 percent of market share, ahead of Chevrolet and Isuzu.
Uzbekistan vehicle market in 2015 boomed 25% due to the availability of GM Uzbekistan production for the sharp cut to export. The local production was absorbed by the huge order bank available at the start of the year.