Business news from Ukraine

Business news from Ukraine

SALES OF NEW PASSENGER CARS IN OCTOBER DECREASE BY 8% IN UKRAINE

2 November , 2021  

Sales of new passenger cars in October this year decreased by 8% compared to the same month last year and by 14% from September this year, to 8,000 units, AUTO-Consulting reports.
“The reason for a decrease was the shortage of cars due to the crisis with microchips in the global auto industry. In October, it also covered the Ukrainian car market and knocked down sales of most operators. But there were also those who decided to take advantage of the shortage of cars from competitors and, on the contrary, increased sales,” the report says.
Toyota retained its leadership in the market in October, but the auto deficit reduced its indicators by 18% from September 2021 – to 1,243 units. The second and third places, as before, also were occupied by Renault (sales dropped by 27%, to 920 units) and Kia (minus 33%, to 669 units).
At the same time, China’s Chery moved to the fourth position in the ranking (from the eighth in September) with a 25% increase in sales, to 488 cars.
Mitsubishi, Hyundai and Nissan retained their positions, while Mitsubishi added 3% in sales compared to September.
According to the analysts of the group, the further picture of the location of the brands fixes not so much the market result as the amount of car stocks at dealerships and their outflow/arrival.
“Not so many car brands were able to take advantage of the deficit of competitors. It is clearly seen that so far Chinese manufacturers are benefiting from the chip crisis, since almost all of them have recorded a stable growth in sales,” the source said.
According to it, a total of 84,000 new passenger cars were sold in Ukraine in January-October, which is 22% more than in the same period last year and is almost equal to the indicator for the entire last year.
“So 2021 will already be a positive year, despite the quarantines and chip crises,” the experts said.

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