OREANDA-NEWS. Eastern Europe and Central Asia are becoming the promising markets of passenger cars and light commercial vehicles. According to the new study of Frost & Sullivan, which is devoted to the analysis of the market in Kazakhstan, Uzbekistan, Ukraine, Azerbaijan, Belarus, Kyrgyzstan, Turkmenistan and Tajikistan, it is expected that by 2021, annual sales of passenger cars in these eight countries will reach nearly one million.

"At the heart of this trend it will be lied, first of all, low density and aging of parc of vehicles, as well as the boom of economic activity, supported by the growth of the middle class”, - says the consultant of Department of the automotive market research Frost & Sullivan, Anna Ozdelen. - Kazakhstan, Uzbekistan and Ukraine, are expected to become the major regional markets and production of cars”.

According to Frost & Sullivan, for the top-five of markets (Kazakhstan, Uzbekistan, Ukraine, Azerbaijan and Belarus) it will be still 98% of sales of passenger cars. Kazakhstan will become a priority country for investment in the auto industry as a "gateway" to the market of the Eurasian Economic Union, and it also demonstrates the growing domestic demand.

"GM, Renault-Nissan, Hyundai, Volkswagen and Toyota are the top-five of automakers, which are occupying 75% of the total market in 2014”, - said the head of the research department of the automotive market and the head of the regional division of Frost & Sullivan Mohamed Mubarak. However, the predicted increase in the presence of Chinese players both as in the production, so in sales