Kazakhstan 2018. Hyundai booms in a market up 24.4%

Kazakhstan Vehicles Market

Kazakhstan Vehicles Market kept growing in 2018 maintaining the positive tone of last year, closing with registrations at 58.465 (+24.4%). Lada was the market leader with 23% of market share, ahead of Toyota. Hyundai gained the third place with an astonishing +132.1%.

Economic Environment

Kazakhstan economy  lost some steam in the final quarter of 2018, after growth edged down in the third quarter. Economic activity decelerated in November amid slower growth in the industrial sector. In addition, oil prices fell sharply in the fourth quarter, boding poorly for the important energy sector.

Growth is seen decelerating this year after the 3.9% pace expected for 2018. FocusEconomics analysts expect GDP to increase 3.4% in 2019, unchanged from last month’s estimate. Moderating momentum from the energy sector will likely drive the softer print, while activity in the non-oil sector should gain steam thanks to reform efforts.

Market Trend

Kazakhstan vehicles market has boomed in the years until the 2013, when the all-time record was established with 163.537 sales, before to rapidly decline back to only 46.327 units sold in the 2016. In the 2017, according to data released by the Kazakhstan Auto Association, the total vehicles sales have been 49.037, up 5.8%.

In the 2018 the market has grown very fast. Indeed, after the positive performance of last year, the market kept momentum closing with 58.465 units sold. In fact, this is the second year of gain in a row, with sales up 24.4%.

Looking at the light vehicles segment, the Russian Lada is the 2018 leader with 13.413 sales (+53.6%), having outpaced the former leader, Toyota, actually second with 12.278 (+32.8%).

In third place, the Hyundai with 8.967 (+132.1%) gaining the podium ahead of the Kia with 2.863 (+24.4%) and GAZ, with 2.805 sales (-1.1%).

At model-wise, the 2018 best seller is the Toyota Camry with 4.761 sales (+42.7%) ahead of the Lada 4×4 with 3.509 (+14.9%) and the Lada Granta with 3.428 (+93.5%).

Tables with sales figures

In the tables below we report sales for all Brands, top 10 Manufacturers Group and top 10 Models

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