Business news from Ukraine

Business news from Ukraine

More than 25.7 thousand used cars joined Ukrainian car fleet in August

In August, more than 25.7 thousand used cars imported from abroad were added to the Ukrainian car fleet, which is 22% more than in the same month in 2023 and almost 29% more than in July this year, Ukravtoprom reported on its telegram channel.

“This is the best figure for the last 25 months,” the statement said.

As reported, according to the association, 8.1 thousand new passenger cars were registered in August (40% more than in August last year), meaning that the demand for imported used cars exceeded the demand for new ones by more than three times.

According to Ukravtoprom, the largest share in the used car segment in August, as before, belonged to gasoline cars by a wide margin – 46%. This is followed by diesel cars – 25%; electric cars – 20%; cars with LPG – 5%, hybrids – 4%.

Volkswagen Golf remains the leader among imported second-hand cars with 1325 registrations.

The top ten most popular models of the month also included Renault Megane – 1037 units, Skoda Octavia – 959 units, Volkswagen Passat – 738 units, Volkswagen Tiguan – 685 units, Audi Q5 – 671 units, Nissan Leaf – 658 units, Tesla Model Y – 588 units, Nissan Rogue – 581 units and Tesla Model 3 – 561 units.

The average age of used cars that switched to Ukrainian license plates in August was 8.6 years.

In total, 159 thousand used cars were registered for the first time in Ukraine in January-August, which is a quarter more than in the same period in 2023.

As reported, in 2023, registrations of used cars imported from abroad decreased by 45% compared to 2022 – to 214.4 thousand units.

In August, market for new passenger cars in Ukraine grew sharply, with more than 8.1 thousand cars sold

Initial registrations of new passenger cars in Ukraine in August increased by 40% compared to the same month in 2023, to more than 8.1 thousand units, Ukravtoprom reports.
“This is a record figure for sales of new passenger cars over the past 32 months,” the association said in a telegram on Monday.
The leadership continues to be held by Japanese Toyota with 1248 cars registered, followed by Renault (738 units), and BMW (633 units). The top five also includes Skoda (538 units) and Volkswagen (483 units).
Renault Duster retained the title of the month’s bestseller (691 units).
As reported, in August 2023, the initial registrations of passenger cars doubled compared to August 2022 – to 5.79 thousand units, and the top five were Toyota (1118 units), Volkswagen (611 units), Renault (501 units), BMW (433 units), and Skoda (394 units).
According to Ukravtoprom, a total of more than 47.3 thousand new passenger cars were registered in Ukraine in January-August, which is 24% more than in the same period in 2023.
As reported, the market for new passenger cars in July this year, amid information about the introduction of a 15% military tax on passenger car buyers provided for by the government bill, increased by 20% by July 2023 and by 24% by June this year to 6.4 thousand units, after the market turned negative in June 2024.
At the end of August, it became known that the revised draft law on raising tax rates no longer contains this provision.
According to Ukravtoprom, in 2023, the first registrations of new passenger cars in Ukraine increased by 60.6% compared to 2022, to almost 61 thousand units.

London donates cars to Ukraine under Ulez program to be used for humanitarian purposes

A convoy of 20 cars donated by London under the Ulez program for the disposal of vehicles that do not meet emission standards has arrived in Ukraine, The Guardian reports.

“More than 100 cars have been donated to Ukraine under the Ulez program since it was authorized on March 15, of which about half have been delivered so far,” the newspaper writes on Tuesday.

It is reported that the British-Ukrainian organization (BUAID), which manages the scheme in conjunction with Transport for London (TfL), has sent 13 more vehicles to Ukraine for medical and humanitarian purposes.

ULEZ (Ultra Low Emission Zone) is an ultra-low emission zone that was introduced in London in 2020. The goal of the program is to reduce the level of harmful emissions into the city’s atmosphere, improve air quality for Londoners and visitors, and promote the transition to more environmentally friendly transportation.

In March of this year, the program began assembling cars for transfer to Ukraine. The vehicles are intended to support the humanitarian and medical needs of the country.

The Ulez zone was expanded by London Mayor Sadiq Khan in August 2023 and now covers the entire capital, making it the world’s largest pollution charge zone. People who drive a car in the zone that does not meet minimum emission standards must pay £12.50 per day.

Source: https://www.theguardian.com/world/article/2024/may/21/ulez-scrappage-scheme-vehicles-ukraine

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More than 22 thousand new cars sold in Ukraine in January-April

Initial registrations of new passenger cars in Ukraine in January-April this year increased by 35% compared to the same period in 2023 – up to 22.2 thousand units, the Ukravtoprom association reported on its Telegram channel.

Thus, the growth rate of demand for new passenger cars slowed compared to the same period last year and amounted to 48% in the first quarter.

At the same time, in April, according to the Association, more than 5.7 thousand new passenger cars were registered in Ukraine, which is 11% more than in the same month in 2023, but compared to March this year, registrations decreased by 14%.

The TOP-5 leaders in new car sales in Ukraine include Toyota, Renault, Volkswagen, BMW, Skoda According to Ukravtoprom, the Japanese brand Toyota holds the market leadership with 856 registrations (805 units in April last year), Renault is second with 536 cars (543 units), Volkswagen is third with 468 cars sold, which was fourth with 417 cars in April 2023.

In addition, BMW with 405 units and Skoda with 317 cars were in the TOP-5 in April.

The bestseller in the Ukrainian new car market remains the compact crossover Renault Duster, which sold 484 units in April.

As reported with reference to the Ukravtoprom Association, in 2023, the first registrations of new passenger cars in Ukraine increased by 60.6% compared to 2022, to almost 61 thousand units.

In 2024, 184 car models will be subject to vehicle tax of UAH 25 thousand in Ukraine

In 2024, 184 models of such car brands as Aston Martin, Audi, Bentley, BMW, Cadillac, Jaguar, Land Rover, Lexus, Maserati, Mercedes-Benz, Porsche, Rivian, Tesla will be subject to a transport tax of UAH 25 thousand in Ukraine, Ukravtoprom said on its Telegram channel, citing a list published by the Ministry of Economy.
“Ukravtoprom reminds that the “luxury tax” applies to cars up to five years old and costing more than 375 minimum wages (currently the minimum wage is UAH 7100), which means that in 2024 it will be UAH 2 million 662.5 thousand and above.
According to the list, the most taxable car models are Mercedes-Benz – 66 (including 13 electric vehicles) and BMW – 48 (including five electric vehicles), followed by Land Rover – 17 models (in 2023 – 21).
There are 16 models of Porsche cars on the list, as opposed to 79 last year, when they were the leader in terms of the number of models on the list, and Toyota cars left the list of taxable “luxury” cars (in 2023, four Toyota Land Cruiser models were included).
At the same time, unlike last year, the list includes Aston Martin (16 models with gasoline engines), Audi (five models, including the RS e-tron GT electric car), Cadillac Escalade, two Maserati models, and Rivian R1T.
“Ukravtoprom also reminds that the tax must be paid: by individuals within 60 days after receiving the notification; by legal entities in advance quarterly installments by the 30th day of the month following the reporting quarter reflected in the annual tax return.
As reported, in 2023, 225 car models of nine brands (Porsche, Tesla, Toyota, Land Rover, Lexus, Bentley, Jaguar, BMW, Mercedes-Benz) worth from UAH 2.51 million were subject to the transport tax.

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Demand for imported used cars in Ukraine increased by 41%

Initial registrations of used passenger cars imported to Ukraine from abroad in October 2023 increased by 41% compared to October 2022 – to 21.3 thousand units, which is 1% more than in September this year, the Ukravtoprom association reported on its Telegram channel on Monday.

According to the association, the largest share in the segment of imported used cars in October consistently belonged to gasoline cars – 44% (in September, too), followed by diesel cars – 31% (unchanged), electric cars – 17% (16%), cars with LPG – 5% (unchanged) and hybrids – 3% (4%).

Volkswagen Golf remains the leader in registrations (1544 units), and the top five remained unchanged: Renault Megane (1200 units), Skoda Octavia (960 units), Volkswagen Passat (785 units) and Nissan Leaf (573 units).

The TOP-10 of this market in October also included Volkswagen Tiguan (451 units), Tesla Model 3 (442 units), AUDI A4 (416 units), Ford Focus (411 units) and Nissan Qashqai (404 units).

The average age of used cars that switched to Ukrainian license plates in October is 9.5 years.

Overall, in January-October this year, 169.3 thousand used cars imported from abroad were registered for the first time in Ukraine, which is 3.4 times more than the number of new cars sold in the same period.

As reported, in 2022, Ukrainians registered 388.5 thousand imported used passenger cars, which is almost a quarter less than a year earlier, but more than 10 times more than the market for new passenger cars.

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