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Kazakhstan: Auto Industry Creaking Under Weight of Crisis

As Kazakhstan’s economic muddle continues apace, the production and sale of new automobiles has collapsed, while more drivers are choosing to buy or keep old clangers.

Figures released last week by the National Economy Ministry show that in the first quarter of 2016, the production of cars fell by 92.2 percent compared with the same period last year, Trend news agency reported. During the same period, factories in Kazakhstan produced 14.2 percent fewer trucks.

Kazakhstan’s main auto assembly companies — Azia Avto, Saryarka AvtoProm and Agromash Holding — turn out some of the world’s largest brands, including Chevrolet, Kia, Skoda, Lada, Toyota, Hyundai, SsangYong and Peugeot.

Most cars sold in Kazakhstan are imported, and demand has been steadily falling.

In 2015, official dealerships reported the sale of 97,446 automobiles, a 40 percent drop on the year before.

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Kazakhstan: Auto Industry Creaking Under Weight of Crisis

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