According to AutoReport, as reported by infohub.kz, a significant drop in new car prices in Kazakhstan before the end of 2026 is highly unlikely.
Artur Miskaryan, director of the Agency for Monitoring and Analysis of the Automotive Market, believes that official dealers currently have limited room for further price reductions.
"Will the decline continue? Very unlikely, for the simple reason that most dealers are now operating at the edge of their economic viability," Miskaryan said.
The decrease in new car prices in Kazakhstan accelerated after the launch of two major production facilities: Astana Motors Manufacturing Kazakhstan and Kia Qazaqstan. The growth in local production was accompanied by increased competition among brands.
In 2026, the market also saw a rise in the number of brands and models, especially Chinese ones, prompting dealers to revise prices and sales terms.
As of July, new passenger cars in Kazakhstan were on average 12.2% cheaper year-on-year. In July alone, prices fell by 1% compared to June. This marks the tenth consecutive month of price declines.
Miskaryan predicts that new car brands and models will appear in Kazakhstan by the end of the year. Additionally, leasing for individuals is expected to be relaunched. Thus, buyers may have more options due to new offerings and financial tools, but the expert considers further significant price reductions unlikely.
He also highlighted the situation in the used car market. In July, used cars dropped in price by 3.8% compared to June, the largest monthly decline since January 2016. On an annual basis, used cars became 7% cheaper.
Earlier, it was reported that private importers expect car prices in Kazakhstan to rise by 15%.