Kazakhstan Vehicles Market went back on track in May, scoring an exceptional performance, while quarantine restrictions ended on May 11. Indeed, 7.141 units were sold in May, up 20.7%, pulling Year to Date figures on a positive trend (+4%) at 25.547. Ravon stood out thanks to the Nexia R3.
Kazakhstan Vehicles Market in May
Kazakhstan ended the quarantine on May 11 and the vehicle market managed to spectacularly rebound after the freeze in April. Indeed, 7.141 units were sold in May, up 20.7%, pulling Year to Date figures on a positive trend (+4%) at 25.547.
Brand-wise, Ravon stood out in May thanks to the brilliant performance scored by the Ravon Nexia R3, while Lada and Hyundai surged over 30%. Skoda was the worst top 20 brand, actually falling 72.5% and losing 6 positions in the Year to Date ranking.
Post Covid19 Market Trend
Although a state of emergency was declared on March 15 and quarantine measures were imposed in certain areas, the Kazakh new vehicle market remained unaffected by the Covid-19 pandemic in March. Indeed, auto sales surged 45.6% in March with 6.892 units sold, ending the Q1 at 17.787 (+33.3%).
In April, the market drastically stopped, reporting a 79% drop with 1.122 units sold.
Medium Terms Market Trend
Following and supporting the rapid economic development, the automotive industry born in early days of this century, was one of the fastest-growing in the World in the decade ended in 2013. In that year sales at 163.537 units scored the tenth annual all-time record in a row.
The growth was too fast and when the C.I.S. region entered in recession due to the collateral effect of ONU sanctions to Russia, the market dropped down, with price increased, additional tax on the sector and negative consumer demand.
Performing worse than any expectations, the domestic market dropped down for three consecutive years, losing near 70% of record volume and landing at 46.327 units at the end of the 2016. In 2017, a new positive pathway was taken, and in 2018 sales increased at 58.465, revoering 24.4%.
The recovery continued in 2019 when all months have been reported year-on-year growth, ending at 72.357, up 24.4%.
In the first two months of 2020, as reported by the Kazakhstan Auto Association, the car market was keeping the momentum up. Indeed, Year to Date February sales have been 10.880 (+26.8%).
Tables with sales figures
In the tables below we report sales for all Brands, top 10 Manufacturers Group and top 10 Models.