Within the first 3 months of 2015 year the share of domestic cars of Kazakhstan production amounted to a little bit more than 10,5% from total volume of official sales. To date this parameter has exceeded the level of 17%.
The result of the launch of the program of concessional lending in April of 2015 year became the sales increase of domestic vehicles by two times already in the next month –from 1161 units to 2611 units. According to the results of November sales the proportion of domestic and foreign vehicles in the market from the moment of implementation of the program of concessional lending became more obvious: the share of vehicles of Kazakhstan production accounts for 17,6% of the market. The increase almost by two times is caused due to the popularity of the program by Kazakhstani people. To date around 60% of vehicles in Kazakhstan of available segment – till 5,11 million tenge – are sold on credit. It is a good result for the outgoing year taking into account the decline in exchange rate of tenge, mass import of new vehicles from Russia in the beginning of the year and overstocking of the market of worn-out vehicles.
According to the Development Bank of Kazakhstan as of the 8th of January of 2016 year, within the frameworks of the Program the Bank approved 4 588 applications in the amount of more than 14 billion tenge. Among them were provided 4 096 credits for purchasing of the vehicles of domestic auto manufacturers for the total amount of 12921,6 million tenge. As a result, from the allocated 15 billion tenge were approved and agreed 93,96% and assimilated in fact 86,14% of allocated funds. It should be noted that AllurGroup within the program of concessional lending offers to Kazakhstani people 20 models from sedans to off-roaders of SsangYong, Geely, JAC and Peugeot brands manufactured at the production sites of, that cost from 1 830 000 tenge. For convenience of clients the quick execution of applications for concessional auto lending is carried out by representatives of «Halyk Bank of Kazakhstan », «Affiliated branch of «Sberbank» JSC, «Eurasian bank» JSC (Kazakhstan) and "Bank CenterCredit" JSC situated in the dealer centers of AllurAuto in Almaty city.
Andrey Lavrentiev, the Chairman of Director Board of AllurGroup
Concessional lending as a tool produced by the government for stimulating the demand for domestic vehicles successfully deals with its aim. We many times mark the importance of automotive industry for economy development of the country as a whole. Firstly, it has a big multiplicative effect on related industries, secondly, the industry implements innovative technologies, attracts foreign investments, creates thousands of working places and produces qualified personnel in specializations new for the republic.
Mostly thanks to the Program of concessional lending the main tendency of auto market of 2016 year will become reorientation of internal demand for the vehicles of Kazakhstan production and further recovery of sales level of domestic cars.