“Car imports to Georgia increased by 94%, re-exports – by 267%,” Aleksi Noniadze, founder of Georgian Association of Auto Importers, states.
According to Noniadze, despite exports growth compared to last year, exports decreased compared to the previous months of the current year due to the market saturation and import of a large number of cars.
“For this reason, car importers are currently facing problems, they are forced to sell cars at cost and even cheaper than cost. All this caused slowdown in growth rates,” he notes.
In Noniadze’s words, exports to all partner countries such as Azerbaijan, Kazakhstan, Armenia, Kyrgyzstan, Russia, Tajikistan and Ukraine are growing.
“Cars worth $236 million were sold to Kyrgyzstan. This is a very acute issue as Kyrgyzstan is suspected of parallel imports to Russia of the vehicles that are sanctioned. It’s not excluded that part of the cars exported from Georgia to Kyrgyzstan later are exported to Russia, we can’t control where the vehicles sold to Kyrgyzstan go,” Aleksi Noniadze points out.
