Expenditures of residents of the republic for the purchase of locally produced cars in 2018 are 59.6% higher than a year ago, the ortcom.kz reports.
“Expenditures of residents of the republic for the purchase of locally produced cars for 9 months of the current year amounted to 119.7 billion tenge, which is 59.6% more than a year ago,” said the chairman of the board of directors of the ALE “The Union of Automotive Enterprises of Kazakhstan KazAvtoProm” in the Central Communications Service at a press conference on the state of development of the automotive industry in Kazakhstan.
At the same time, according to the head of the industry, sales of domestic automobile plants since the beginning of the year reached 20,644 units, which is 58.2% higher than last year’s value, represented by 13,052 units.
“The market share of Kazavtoprom enterprises increased to 47.3% against 36.8% in the same period last year,” the speaker stressed.
It is worth noting that during January-September 2018, 2,728 cars were acquired by participants in the state program of preferential auto loans.
According to the speaker, they accounted for 13.2% of sales of locally produced cars.
