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NEWS

GM Uzbekistan sells 372 cars in Kazakh market

21 November 2011

http://www.uzdaily.com of 11/21/2011 - GM Uzbekistan, an Uzbek-US joint venture, claimed the third place on the volume of automobile sales in Kazakhstan in October 2011, consulting company Qncepto said in its report.

According to Kazakh consulting company, GM Uzbekistan realized 372 cars in October 2011 against 178 cars in the same period of 2010. The growth rate made up over twofold.

Lada claimed the first place on the sales volume with market share of 37.2%, the report said. In the reporting period, the Russian carmaker sold 1,475 cars in Kazakhstan.

During last three months, Hyundai holds the second place in the market (450 cars). Qncepto said that success of Hyundai is connected with sedan Accent.

According to report, Nexia model, produced in Uzbekistan, claimed the fourth placed among the best selling cars in Kazakh market in October 2011, or dropped one place down.

Other model of GM Uzbekistan, Matiz was on the 20th place in the reporting period, or fell by seven places compared to October 2010.

According to Qncepto, the sales in Kazakh car market speed up compared to moderate months of the third quarter of 2011. The sales reached the volume of the end of 2007, which means the market is close to pre-crisis conditions.

Official dealers realized 4,550 automobiles and commercial cars in October, which grew 2.1 times year-on-year. The growth compared to September 2011 made up 12.57%.

Aggregate sales of new cars (including LCV) made up 33,613 units in ten months of 2011, which grew by 103.59% year-on-year.