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Car Sales of GM Uzbekistan in Russia Decrease by 51%

Friday 9 October 2015

TASHKENT (AKIpress) — In the first nine months of 2015, only 15,498 cars produced by the GM Uzbekistan were sold in Russia, 51% less than the same period of the previous year. None of the Uzbek cars is among the top-selling cars in Russia now.

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Daewoo Nexia II
The JV originally was founded in 1996 between the Uzbek government and the South Korea based Daewoo, and was initially known as UzDaewoo Auto. Following the change of ownership of Daewoo to GM Daewoo, the facility was renamed GM Uzbekistan in 2008 to continue to produce Uz-Daewoo branded vehicles. More recently these models are now sold as Chevrolets as in other international markets.

According to the European Automobile Manufacturers Association, 1,746 cars of GM Uzbekistan were sold in September 2015, while in the same month of 2014 the figure amounted to 3,350 cars, meaning a 25% decrease for this month.

Sales in Russia decreased by 28.6% in September 2015, or 56,367 units less compared to September of the previous year and amounted to 140,867 vehicles. In total, 1,192,723 cars were sold in January-September 2015.

In 2010, about 5,000 employees were employed at the GM Uzbekistan assembly plant. GM Uzbekistan sold 121,584 vehicles locally in 2011, making the country the eighth-largest market for Chevrolet and produced more than 225,000 vehicles. In 2012, the Chevrolet Cobalt was added to the production line.

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