Kazakhstan Vehicles Sales in the 2017 recovered just 5% after the over 50% fall reported in the previous year. Toyota is market leader while the new brand Ravon grew up in third place. Renault and Kia are struggling.
The Minister of National Economy stated that the economy grew around 4.0% last year at a recent government meeting, according to local media reports. While official data has yet to be released, the reading would mark a notable jump from the 1.1% and 1.2% expansions in 2016 and 2015, respectively, if confirmed. Growth was likely driven by an upturn in oil prices in the second half of 2017, which resulted in a substantial boon for the oil sector and a ramp up in production to cash in on bigger profit margins. Activity was also supported by Russia’s exit from recession, which fueled higher demand for exports;
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%.
At brand-wise, two players are fighting for the leadership with Toyota prevailing so far with 9.243 sales (+2.0%) over Lada with 8.733 (+7.2%).
In third place, but almost far from the leaders there was the new brand from GM Uzbekistan, Ravon, with 4.606 sales, ahead of Hyundai with 3.864 (-2.3%), GAZ with 2.837 (+16.8%), Renault with 2.460 units (-34.8%) and Kia with 2.301 (-28.7%) .
Tables with sales figures
In the tables below we report sales for all Brands, top 10 Manufacturers Group and top 10 Models