Automotive Market in CIS

Ukraine imposed economic sanctions against some Russian companies including GAZ Group and KAMAZ. Sanctions for a term of three years are imposed in respect of GAZ Group Management Company, as well as LiAZ and PAZ bus plants.

PSA Group and Uzavtosanoat JSC signed an agreement to establish a joint venture «Uzbekistan Peugeot Citroen Automotive» for the production of light commercial vehicles in Uzbekistan.  The plant will specialize in the production of Peugeot and Citroen light commercial vehicles designed for transportation of passengers and cargo.

According to the Union of Enterprises of Automobile Industry of Kazakhstan KazAvtoProm, in April 2017 sales of cars in Kazakhstan decreased by 8.9% and made 3449 units. Following results of the first four months of 2017 residents of the Republic bought 11018 cars and light commercial vehicles – by 23% less than in the similar period of the last year.