According to Kazakh consulting company, GM Uzbekistan realized 372 cars in October 2011 against 178 cars in the same period of 2010. The growth rate made up over twofold.

Lada claimed the first place on the sales volume with market share of 37.2%, the report said. In the reporting period, the Russian carmaker sold 1,475 cars in Kazakhstan.

During last three months, Hyundai holds the second place in the market (450 cars). Qncepto said that success of Hyundai is connected with sedan Accent.

According to report, Nexia model, produced in Uzbekistan, claimed the fourth placed among the best selling cars in Kazakh market in October 2011, or dropped one place down.

Other model of GM Uzbekistan, Matiz was on the 20th place in the reporting period, or fell by seven places compared to October 2010.

According to Qncepto, the sales in Kazakh car market speed up compared to moderate months of the third quarter of 2011. The sales reached the volume of the end of 2007, which means the market is close to pre-crisis conditions.

Official dealers realized 4,550 automobiles and commercial cars in October, which grew 2.1 times year-on-year. The growth compared to September 2011 made up 12.57%.

Aggregate sales of new cars (including LCV) made up 33,613 units in ten months of 2011, which grew by 103.59% year-on-year.

Uzavtosanoat and South Korea’s Daewoo Motor created a joint venture - UzDaewoo Auto - on parity conditions with the charter capital of US$200 million. In 1996, the venture launched car production plant with the cost of US$650 million in Asaka city of Andijan region. The capacity of the venture is 200,000 cars per year.

In May 2005, Uzavtosanoat purchased 50% shares of Daewoo Motor in UzDaewoo Auto for about US$110 million. General Motors and Uzavtosanoat completed process of creation of GM Uzbekistan on the base of UzDaewooAuto in the end of March 2008. The charter capital of new venture is US$266.7 million.

General Motors owns 25% shares and plus one share in the new venture and it can increase its share up to 40%. Currently, Uzavtosanoat possesses 75% shares in GM Uzbekistan.

Association of European Businesses was founded in 1995 on the initiative of several European companies registered in the Russian Federation, Ambassadors of EU member states and the Head of the Delegation of the European Commission to the Russian Federation.

The mission of the AEB is to represent and promote the interests of its Members by supporting them in doing business with and in Russia through quality lobbying, information support, and through activities aimed at improving the Russian trade and business environment in conformity with internationally accepted business principles and promoting integration and partnership between the European Union (EU) and Russia.