Business news from Ukraine

Business news from Ukraine

Market for new commercial vehicles is growing again – Ukravtoprom

8 September , 2024  

New registrations of commercial vehicles (trucks and special vehicles) in August 2024 increased by 13% compared to the same month in 2023 – up to 1,083 units, which is also 13% more than in July this year, Ukravtoprom reported in its Telegram channel.

As reported with reference to the association’s data, the demand for these cars has shown a monthly increase since the beginning of this year, but in July it turned into negative dynamics, decreasing by 2% by July 2023 and by 20% by June 2024.

According to the association, Renault retained its market leadership in August with 282 units (in August 2013 it was the leader with 191 units), MAN took second place with 102 units (in August last year it was in ninth place with 42 units), and Ford took third place with 96 units (fifth place with 72 units).

Also in the top five are Citroen (72 units) and Scania (58 units), which were 10th (39 units) and second (98 units) respectively in August last year and third and second respectively in July this year.

According to Ukravtoprom, almost 8.3 thousand new vehicles were added to the Ukrainian truck and special vehicle fleet from January to August, 16% more than in the previous year.

At the same time, an analysis of the segment of trucks with a gross vehicle weight of more than 3.5 tons by the information and analysis group AUTO-Consulting showed an increase of almost 15% to 480 units in August.

“While the passenger car market was in turmoil in August due to rumors of a 15% military tax, this factor had no impact on the truck segment,” the group said in a statement on its website.

The light segment also recorded a good increase, while truck sales fell slightly (-1%).

“Against this background, European companies began to actively participate in the development of specialized equipment at Ukrainian enterprises, which led to the emergence of new models,” the report states.

State-owned companies, which are increasingly switching to European chassis, actively rejected Russian equipment, the analysts said.

According to AUTO-Consulting, MAN became the market leader in August with a market share of 17%, Scania was in second place with 12%, and Ford, which is developing cooperation with Ukrainian manufacturers of bodies, took third place. Volvo and Renault dealers were active in August, while JAC and Isuzu were the leaders in terms of growth.

As reported, according to Ukravtoprom, new registrations of commercial vehicles in Ukraine in 2023 increased by 65% compared to 2022 to 11.3 thousand units.

At the same time, the segment of trucks over 3.5 tons grew by 56.5% to 4,853 units, according to AUTO-Consulting.

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