the total turnover of new passenger
Posted: Tue Apr 22, 2025 10:17 am
In 2017, the Kazakhstan car market is showing signs of growth after a catastrophic decline in 2015-2016. The overall improvement in car dealers' indicators is due to the gradual improvement of the economic situation (which we have already discussed in previous posts), accumulated demand from the population, and partly the EXPO effect.
According to statistics, cars increased by 31% in 2017 and amounted toabout 426.5 billion tenge. At the same time, in physical terms, the growth is more modest, only 6% to a total number of cars sold of about 49 thousand units.
In order to understand the depth of the fall of the car market, let dubai cell phone number list us recall that at the peak of its volume in 2013, almost 163 thousand new cars were sold. That is, the fall was almost threefold. The main factors that caused this crisis in the car market were:
Tenge devaluation
Falling oil prices
The decline in the population's solvency that followed
Increase and introduction of taxes and fees that increase the cost of acquiring vehicle registration.
The state is trying to revive this market and promote its growth by supporting local automakers and preferential auto loans for models assembled in Kazakhstan. But global factors, expressed primarily in the fact that a new car for most Kazakhstanis has become more of a luxury than a means of transportation.
Quite a large number of potential buyers have postponed their purchases to a later date due to the unpredictable behavior of the tenge and the market as a whole. They are monitoring the market situation, comparing offers, and waiting for lower prices. Another and larger part has turned to the secondary market, since the prices there are significantly lower.
According to statistics, cars increased by 31% in 2017 and amounted toabout 426.5 billion tenge. At the same time, in physical terms, the growth is more modest, only 6% to a total number of cars sold of about 49 thousand units.
In order to understand the depth of the fall of the car market, let dubai cell phone number list us recall that at the peak of its volume in 2013, almost 163 thousand new cars were sold. That is, the fall was almost threefold. The main factors that caused this crisis in the car market were:
Tenge devaluation
Falling oil prices
The decline in the population's solvency that followed
Increase and introduction of taxes and fees that increase the cost of acquiring vehicle registration.
The state is trying to revive this market and promote its growth by supporting local automakers and preferential auto loans for models assembled in Kazakhstan. But global factors, expressed primarily in the fact that a new car for most Kazakhstanis has become more of a luxury than a means of transportation.
Quite a large number of potential buyers have postponed their purchases to a later date due to the unpredictable behavior of the tenge and the market as a whole. They are monitoring the market situation, comparing offers, and waiting for lower prices. Another and larger part has turned to the secondary market, since the prices there are significantly lower.