Uzbekistan’s passenger car market slows in March

During the month, vehicle sales in Uzbekistan dropped by 3%, totaling 76,800 units.

Sales of passenger cars declined by 3.4% over the month, amounting to nearly 65,000 units.

In the primary passenger car market, sales fell by 6% compared to the previous month, totaling 22,400 vehicles.

However, on a year-on-year basis, activity in this segment increased by 3%.

The segment of foreign-made passenger cars in the Uzbek market continued to show positive dynamics, with sales increasing by 28%, reaching 2,700 units per month.

Despite this noticeable growth, the annual increase in activity averaged 13%.

According to March data, the secondary passenger car market saw a slight 2% decline in activity, with total sales reaching 42,500 units.

Within this context, the used electric vehicle segment demonstrated positive momentum, with sales rising by 10% to 1,800 units — a threefold increase compared to the same period last year.

In November 2024, average prices for commonly used local vehicles and foreign luxury cars decreased, while prices for domestic luxury and electric vehicles remained relatively unchanged. Activity in the secondary market continued to decline in December 2024, which was reflected in average price trends.

In January 2025, the slowdown in Uzbekistan’s secondary vehicle market persisted. The prices of popular locally made vehicles declined compared to December 2024.