Uzbekistan Cars Market in 2025 keeps contracting. H1 sales dropped 16.1%, with brands like Tesla and Toyota falling out of the Top 10. BYD and Haval were the standout, defying the trend with impressive growth.
Economic Environment
In 2025, Uzbekistan’s economy is projected to grow by 5.9%, supported by strong domestic demand, investment, and structural reforms, while inflation is expected to ease to 8.4% under tight macroeconomic policies. The current account deficit is forecast to remain stable at around 5% of GDP, backed by robust remittances, growing non-gold exports, and ample international reserves. Fiscal consolidation is ongoing, with the consolidated budget deficit narrowing to 3.0% of GDP, although public sector borrowing remains elevated.
The IMF welcomed Uzbekistan’s economic resilience and reform momentum, but highlighted vulnerabilities such as the large state presence in the economy and external uncertainties. Priorities ahead include reversing the decline in the tax-to-GDP ratio, improving spending efficiency, and adhering to borrowing limits. The Central Bank of Uzbekistan was commended for its inflation-targeting efforts, with recommendations to maintain a data-driven approach, enhance transparency, and adopt greater exchange rate flexibility.
Automotive Industry Trend And Outlook
Despite the favourable outlook, Uzbekistan’s automotive sector continues to shrink, falling 16.1% in H1 of 2025. Losses peaked at the end of Q1, down 19.7% in March to then partially stabilize during Q2.
Brand-wise, Chevrolet was still on top with a 63% market share, despite a 19.5% year-on-year loss in sales. Daewoo ranked 2nd, down 19% in volume with 16.9% of the country’s total market . Kia ranked 3rd, growing 31.9%, followed by BYD -up 1 spot-, growing 157.6%, and Chery -down 1 spot- falling 33.8%.
For what concerns best selling models, the Chevrolet Cobalt grew 6% and remained on top, followed in 2nd by the Daewoo Damas, down 19%.
EV Market Trend and Outlook
Uzbekistan’s EV market surged despite the automotive downturn. Growing 0.7% in H1 of 2025, a combination of chinese involvement and government’s incentives and exemption, the country could potentially develop into a Central Asia hub for EVs in the future.
BYD dominated the segment, soaring 157.6% to claim a 87.4% share, while Xpeng rose 3 spots into 2nd, despite losing 17.4%.
Medium-Term Market Trend
Uzbekistan’s vehicle market reported impressive during the 2014-2024 decade, thanks in part to the increasing demand for foreign-made vehicles, particularly from China. Starting at 171,592 units in 2014, the market grew steadily and peaked in 2019 with a 34.3% increase, reaching 278,079 units. The COVID-19 pandemic disrupted this trajectory, causing a sharp 32.4% decline in 2021 due to factory shutdowns, global supply chain issues, and reduced consumer purchasing power. However, the market rebounded strongly, up 46.5% in 2022 and 33.9% in 2023, reaching 278,567 units before surging again in 2024 by 11.9% to 423,627 units. This growth was driven by rising domestic demand, increased availability of credit, and the growing presence of foreign manufacturers.
EVs gained momentum starting in 2021 and saw exponential growth in 2023 (+1169.9%) and further gains in 2024 (+22.8%). Chinese brands, in particular, capitalized on this trend by rapidly expanding their market share through competitive pricing, government incentives, and aggressive dealership expansion across Uzbekistan. However, despite earlier gains, the EV segment contracted significantly in early 2025, with sales falling by around 50%, largely due to upcoming recycling fees and tightening non-tariff barriers on imports.
Tables with sales figures
In the tables below we report sales for Top 10 Models
