Kazakhstan Expects Record Car Sales
Kazakhstan's automobile market continues to grow, with sales of new cars on track to match or exceed last year’s record. In 2023, Kazakh motorists purchased over 198,000 new vehicles, and experts predict similar or higher figures for 2024. According to the Kazakhstan Automobile Union (KAO), 20,984 passenger cars and commercial vehicles were sold in November 2024, a 10.7% increase compared to November 2023. Over the first 11 months of 2024, Kazakh dealers sold 179,628 new cars, surpassing the 175,100 sold during the same period last year. Despite earlier concerns of a potential market slump, industry experts remain optimistic. KAO head Anar Makasheva had cautioned that the 2023 record represented “inorganic growth” driven by pent-up demand. However, Artur Miskaryan, general director of the Agency for Monitoring and Analysis of the Automobile Market (AMAAR), believes the market’s positive trend will continue. “Kazakhstan may well repeat or even surpass last year’s record for fleet renewal, potentially reaching 200,000 new car sales,” Miskaryan stated. He acknowledged some fluctuations, noting that in certain months, sales fell below 2023 levels but were offset by stronger performance in other periods. Kazakhstan’s domestic car manufacturers, based in Kostanai and Almaty, are also close to replicating last year’s success. In 2023, locally produced vehicles accounted for over 70% of the 198,000 new cars sold - approximately 148,000 units. Miskaryan estimates that domestic production will maintain a similar share in 2024. As previously reported by the The Times of Central Asia, stricter regulations for importing foreign cars into Kazakhstan were introduced on December 1, 2024. However, experts anticipate that these changes will not significantly affect the market until spring 2025. Kazakhstan’s automobile sector continues to demonstrate resilience and robust growth, positioning itself for another record-breaking year in 2024.
