Business news from Ukraine

Market of new passenger cars has moved to negative dynamics – Ukravtoprom

1 July , 2024  

Initial registrations of new passenger cars in June 2024 decreased by 8% compared to the same month in 2023 – to 5.2 thousand units, Ukravtoprom reports on its Telegram channel.
“For the first time this year, the demand for new cars showed a negative trend year-on-year,” the association said on Monday.
According to its data, compared to May 2024, consumer activity in the car market decreased by 7%.
Toyota retains market leadership (853 units) with a 20% drop in sales by June 2023. For the first time, BMW took second place with 545 cars registered (compared to 5th place in the June-2023 ranking and 319 cars registered). Renault dropped to third place from second in June last year and May this year – 487 units (29% less than in June 2023). Next are Skoda (278 units) and VW (269 units).
The bestseller of the month was the Renault Duster crossover (displacing the May leader Toyota RAV4), which has 447 registrations.
According to the Association, in general, in the first half of this year, more than 32.8 thousand new passenger cars were registered in Ukraine, which is 21% more than in the same period in 2023.
Earlier it was reported that experts attribute the stagnation in the new passenger car market primarily to the situation with electricity and the rise in the dollar.
As reported with reference to Ukravtoprom data, in 2023, the first registrations of new passenger cars in Ukraine increased by 60.6% compared to 2022 – to almost 61 thousand units.