Business news from Ukraine

AIS RAISES CAR SALES BY 27%

8 November , 2018  

AIS group of companies, a large operator in the automotive and special vehicles market, in January-October of this year increased car sales by 27% compared with the same period last year, to 5,500 units, the press service of the company has said.
“AIS shows a positive trend, despite the fact that the automotive market is stagnating and began to show negative dynamics,” the report says.
The income of the group of companies for this period amounted to UAH 2.7 billion, obligatory payments to the national budget (VAT, duty, excise) amounted to UAH 0.9 billion.
According to the company, during this period sales of Geely cars increased by 51%, Citroen by 33%, Peugeot by 102%. In addition, sales of MAZ trucks showed an increase of 150%.
The business program AIS AutoTrade for used cars showed a sales growth of 57%. The company is also the leader in sales of the automobile brands Renault, Citroen, Ravon, and others in Ukraine.
Among the factors contributing to the sales growth are a number of ongoing programs. In particular, due to financial products, credit/leasing sales reached 30% with the average market indicators standing at 10%-15%.

, ,