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Car sales increase by 25% in 11 months in Kazakhstan
Central Asia | business | 10:07, 28 December 2018 | 965

AKIPRESS.COM - Car sales in Kazakhstan increased by 25.8% in January-November 2018 compared to a year earlier. 

Dealers sold 52,467 cars totaling $1.3 billion. Of those, 48.2 percent were cars produced in Kazakhstan.

“In November, the Kazakh car market completed the seventh consecutive quarter of growth. The process of recovery in consumer demand continues at a steady pace, and by the end of the year, Kazakh citizens’ spending on car purchases will approach the level of 500 billion tenge (US$1.35 billion). This year will end exactly in line with the forecast announced by us a year earlier: market sales will show a 25 percent increase and exceed 58,000 cars,” said KazAvtoProm Chairman Oleg Alferov.

He also said the target for 2019 is 75,000 cars sold with 50 percent coming from Kazakh automakers.

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