Astana (TDI): Kazakhstan set a new record for new car sales in 2024, with over 205,000 units sold, which is about seven thousand more than the previous year.
This milestone was achieved despite a slowdown in buying activity during the middle of the year, followed by a sharp rebound in the final months.
Official dealers sold 205,100 new cars in 2024, according to the Kazakhstan Automobile Union (KAO).
This figure represents a 3.2% increase from 2023 when 198,600 were sold, which was a record at the time.
At the beginning of 2024, many experts believed matching the previous year’s results would be challenging due to market saturation.
These doubts were reinforced when sales volumes dropped during the spring and summer compared to the corresponding months in 2023.
However, starting in October, monthly sales consistently crossed 20,000 units, and December closed the year with a record-setting 25,500 vehicles sold.
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“The whole of last year, despite some slowdown in the market at the start, passed under the sign of intensified competition and a lot of favorable offers from manufacturers and dealers. Extraordinary financing terms, including no down payment and no installments, were the result of coordinated work by the government, the Financial Market Regulatory and Development Agency, second-tier banks, and microfinance institutions, said KAO President Anar Makasheva.
Kazakhstan’s top ten car brands witnessed significant changes in 2024.
Hyundai maintained its leading position with 44,200 cars sold, although this represents a 5.4% decrease from the previous year.
The brand, which manufactures cars locally in Almaty, retained a market share of over 21%.
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Chevrolet, which is also assembled domestically in Kostanai, ranked second with nearly 31,000 units sold.
This figure marks a significant 32.5% decline from 2023.
Kia placed third with 23,000 cars sold, which is a 9.6% year-on-year decrease.
Chinese Brands Experience Notable Growth
In contrast, Chinese brands experienced considerable growth.
Chery secured 4th place with 14,800 units sold, representing a 21.7% increase over the previous year.
Jac — assembled in Kostanai — ranked fifth with 11,700 vehicles sold, achieving an impressive 56.7% growth.
Toyota, an imported brand, secured 6th place with 11,000 units sold, reflecting a modest 2.7% increase compared to 2023.
