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.
Initial registrations of used passenger cars imported to Ukraine from abroad in September 2023 did not change compared to August, but increased by 34% compared to September 2022 – to more than 21 thousand units, the Ukravtoprom association reported on its Telegram channel on Monday.
As reported, the August (2023) addition of used cars to the country’s fleet was the largest in the previous 12 months.
According to the association, the largest share in the segment of imported used cars in September, as before, belongs to gasoline cars – 44% (in August – 45%), followed by diesel cars – 31% (32%), electric cars – 16% (15%), cars with LPG – 5% (unchanged) and hybrids – 4% (3%).
Volkswagen Golf remains the leader in registrations (1575 units), and the top five remained unchanged compared to August: Renault Megane (1299 units), Skoda Octavia (923 units), Volkswagen Passat (755 units) and Nissan Leaf (590 units).
The TOP-10 of this market also includes AUDI A4 (414 units), Volkswagen Touran (406 units), Tesla Model 3 (405 units), Volkswagen Tiguan (401 units) and Nissan Qashqai (398 units).
The average age of used cars that switched to Ukrainian license plates in August is almost 10 years.
Overall, in January-September this year, 148 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.
The municipal enterprise Financial Company Zhytlo-Invest (Kiev) of the executive body of the Kiev City Council announced a tender for car insurance on July 14, according to the ProZorro system of electronic public procurement.
According to the system, the expected cost of purchasing services amounted to UAH 70 thousand.
The deadline for submitting tender offers is July 22
Tesla has risen by two lines in the list of the most expensive car brands in the world and topped it for the first time, overtaking Mercedes-Benz and Toyota, according to Brand Finance.
Tesla’s brand value is now valued at $66.2 billion, up 44 percent in one year and five times since pre-demonstration times.
“This increase in brand valuation is a positive signal for Tesla because it indicates better brand awareness, which could lead to higher sales and revenue in the future,” said Alex Hay, director of valuation at Brand Finance.
Toyota dropped to third place, losing 18% of its value ($52.5 billion), while Mercedes-Benz remained in second place (minus 3%, $58.8 billion).
The record jump in value in the sector was demonstrated by the Chinese automobile brand Sokon – by 123% over the year to $739 million.
The analysts of Brand Finance called Ferrari NV the strongest automobile brand having given to it the maximum rating “AAA+”. When evaluating brand strength, the company considers a host of other indicators besides value, including investment in marketing, operating results, and relationships with stakeholders (from employees, suppliers and shareholders to government agencies and community organizations).
The value of the Ferrari brand fell 8 percent over the year, mainly due to the depreciation of the euro against the dollar, to $7.4 billion. In euros, the figure rose 3 percent.
Among auto parts manufacturers, the most expensive brand was once again Japanese Denso, which rose in value over the year by 6%, to $4.5 billion. In the segment of tire manufacturers the French Michelin remained the leader (+2%, to $7.9 billion).
American automaker Ford Motor has delayed deliveries of some vehicles due to the lack of blue oval badges with the company’s logo.
According to The Wall Street Journal, citing sources, the company is faced with a shortage of nameplates and plates indicating the model, which are attached to the car body and are important identifiers for the automaker’s products.
A spokesman for the company confirmed to the publication that deliveries of a number of vehicles were delayed due to missing badges. This is yet another example of how hard supply chain problems have hit automakers, the WSJ notes.
Ford has been considering a number of workarounds, such as 3D-printed nameplates, until supplies are restored, the sources said. But such substitutes do not inspire confidence, and may not meet the high quality bar of the automaker, the management decided.
Earlier this week, the company warned investors that high inflation and a lack of spare parts were leading to lower supplies. As a result, from 40,000 to 45,000 vehicles will remain in the company’s warehouses by the end of the third quarter due to the lack of a number of parts.
However, Ford reiterated its guidance for 2022, which suggests that adjusted earnings before taxes and interest payments could be $11.5-12.5 billion. In the third quarter, this figure is expected to be in the region of $1.4-1.7 billion.
Ford shares fell 5.4% in trading on Friday. Since the beginning of this year, the automaker’s market value has collapsed by almost 42%, while the Standard & Poor’s 500 stock index has fallen by about 23%.
Car sales in the European Union in March fell by 20.5% compared to the same month in 2021, the European Automobile Manufacturers Association (ACEA) said in a statement.
Negative factors for the market are the ongoing disruptions in supply chains due to the war between Russia and Ukraine.
According to ACEA, the number of cars registered last month in the EU countries (excluding Malta, for which statistics are not available) amounted to 844.187 thousand against 1.063 million in the same month a year earlier. All four of the region’s largest markets posted double-digit declines: Spain – 30.2%, Italy – 29.7%, France – 19.5%, Germany – 17.5%.
The number of new car registrations in Europe (EU countries plus Iceland, Norway, Switzerland and the United Kingdom, which left the European Union on January 31, 2020) fell by 18.8% in March to 1.127 million.
Sales of the Volkswagen group (including Skoda, Audi, Seat, Porsche, etc.) decreased by 24.3% last month, Stellantis (combined by Fiat Chrysler and PSA Group) – by 32.9%, BMW – 20.5%, Mercedes -Benz – 13.6%.
Realization of cars of Renault group decreased by 14.1%, at the same time cars of Lada jumped by 35.3% (up to 211 cars).
Japanese Toyota reduced sales by 12.2%. South Korean Hyundai increased them by 0.5%, Japanese Honda and Mazda – by 21.7% and 5.5% respectively.
In the first quarter, car sales in the European Union fell by 12.3% compared to the same period in 2021 (to 2.246 million), in Europe as a whole – by 10.6% (to 2.753 million).
