The unsold stock of the Cobalt developed by UzAuto Motors

UzAuto Motors increased the production volume of Cobalt-branded vehicles significantly during the first five months of 2024, Zamin.uz reported.

However, despite high production figures, sales of this model have remained much lower than expected. According to statistical data, the company manufactured over 69,000 Cobalt vehicles from January to May this year.

At the same time, only 35,245 units were sold during the same period. These figures indicate that nearly half of the produced vehicles have not yet found buyers and remain stored in warehouses.

To improve the situation and stimulate sales, the company has decided to introduce a range of customer benefits. Specifically, UzAuto Motors, in cooperation with Ipoteka Bank, has significantly eased the auto loan terms for the Cobalt model.

Under the new arrangement, citizens can now purchase this vehicle on an installment plan with an annual interest rate of 21%, requiring a down payment of 30% of the vehicle's price.

Experts believe that the updated credit terms will enhance public purchasing power and help revive demand for the Cobalt model. Company management plans to use these financial incentives to bring sales volume closer to production rates and reduce the inventory of finished goods in storage.

This step is regarded as an important measure to maintain competitiveness in the automotive market and offer convenient financial solutions to consumers. Moreover, such favorable conditions are expected to provide a boost to overall market activity in the coming months.