Uzbekistan Sees Significant Changes in Passenger Car Imports and Sales in Early 2025

Uzbekistan imported 4,415 cars worth $75.9 million in early 2025, with China as the top exporter. Notably, passenger car sales declined by 14.5% in February. Imports faced significant decreases, notably in the hybrid segment, while domestic car sales remained stable.

In the first two months of 2025, Uzbekistan reported the import of 4,415 passenger cars, as stated by the National Statistics Committee. The total expenditure for these imports reached $75.9 million. Notably, China emerged as the predominant exporter, contributing 3,149 units, followed by South Korea with 1,191 units and Japan with 32 vehicles. Meanwhile, Germany, the United States, and Mexico supplied fewer units, with 11, 8, and 8, respectively.

Despite the influx of imported vehicles, passenger car sales in February 2025 experienced a notable decline of 14.5% compared to January, totaling 67,200 vehicles sold. This downturn is largely attributed to reduced activity within the foreign car market, signaling a notable shift in market dynamics. Sales figures for new domestic cars remained stable at 21,700 units, while sales of imported new foreign cars more than halved, indicating changes in consumer preferences or supply chain challenges in foreign vehicle availability.

According to the Customs Committee, January saw a dramatic decline in car imports, plummeting nearly sixfold from the previous year. In contrast, hybrid car imports fell drastically, decreasing thirty-one times, with the total number of passenger cars imported recorded at 1,796, valued at $31 million—over a sevenfold decrease. Additionally, imports of electric vehicles faced a reduction of 2.5 times.

For February, Uzbekistan imported 2,570 passenger cars valued at nearly $45 million. When compared to the same period in 2024, the import figures indicated a 3.53 times decrease in terms of value and a 2.82 times drop in the number of units imported.

The import of passenger cars in Uzbekistan during early 2025 reveals significant market fluctuations. With a total of 4,415 vehicles imported, primarily from China and South Korea, the corresponding drop in sales of foreign cars presents challenges for the market. Factors such as changing consumer preferences and supply chain issues may be influencing these dynamics, with domestic car sales remaining consistent amidst the overall decline.

Original Source: daryo.uz