Kazakhstan Vehicles Market in 2024 grew 1.8% with 202,341 units. Building on the momentum of the last 9 years, chinese brand were the standout performer, including Jetour and Geely.
Market Trend and Outlook
Kazakhstan’s economy grew 4.0% in 2024, with a temporary acceleration to 4.5–5.0% expected in 2025, driven by higher oil production, exports, and fiscal stimulus, before moderating post-2025 due to low productivity and declining investment. Inflation is easing but remains above target, projected at 7.5–8% in 2025 and 6% in 2026, while fiscal deficits are set to narrow from 3.1% to 2.7% of GDP by 2026.
Public debt remains manageable, but rising borrowing costs and reliance on the National Oil Fund pose sustainability risks. Downside risks include lower global oil demand, prolonged fiscal expansion, and climate-related shocks to agriculture and infrastructure. The report highlights tax reform as crucial for long-term growth, proposing progressive income tax, improved VAT compliance, and environmentally aligned excise taxes to strengthen revenue mobilization.
Kazakhstan’s EV market soared 364.1% in 2024 but remains hindered by limited charging infrastructure.
Zeekr surged to the top of EV rankings, up 2,217.1%, followed by Hyundai (+182.8%), which climbed to 2nd, overtaking Kia (+41.3%) in 3rd.
Overall, Kazakhstan’s vehicle market grew 1.8% in 2024, extending its nine-year growth streak.
Looking at cumulative data up to December 2024 brand-wise, Hyundai becomes the new segment leader with 42,846 sales (-9.2%), followed by Chevrolet in second with 32,106 (-29.9%) and Kia in 3rd with 23,448 (-8%).
Chery ranked 4th position with 14,845 sales (+21.1%), in front of JAC -up 1 spot- with 12,775 (+46%).
Looking at specific models the best selling car is the Chevrolet Cobalt despite losing 11.7%. The Hyundai Tucson followed in 2nd with a 52.3% year-on-year increase in sales.
Medium-Term Market Trend
Kazakhstan’s vehicle market increased substantially from 2010 to 2014, reporting triple digit growths in 2011 and 2012, with sales in 2014 ending at the current all-time high of 150,330. Subsequently in 2015 demand for light commercial vehicles fell 39.4%, reaching 44,388 by the end of 2016 (-51.3%). In 2017 the market rebounded, with sales growing back up to 71,994 by the end of 2019.
The arrival of the pandemic in 2020 didn’t halt the momentum gained in the previous years, with sales amounting to 92,963.
In 2021 sales continued to increase reaching 119,445. While in 2022 the market slowed down, growing just 1.8% to 121,647 cumulative new registrations. Demand is falling because of the higher prices imposed by Manufacturers. Brands in fact are upping prices to combat the lack of raw materials in particular for the production of micro-chips. This shortage has created a disruption in the global supply chain, that has affected vehicle demand world wide.
Tables with sales figures
In the tables below we report sales for all Brands, top 10 Manufacturers Group and top 10 Models.
