Business news from Ukraine

Business news from Ukraine

Sales of new passenger cars in Ukraine in February fell by 20%

Sales of new passenger cars in February this year decreased by 20% compared to the same month of 2023 – to 4.8 thousand units, AUTO-Consulting reports.

According to the report on the group’s website, the biggest drop occurred in the segment of so-called “budget cars” – by almost 54%, also the sales of cars of medium price range decreased by 20%.

In February, the leadership was held by Toyota, but the second place was taken by Skoda with 8.4% of the market. Finishing third in February was Renault.

”Interestingly, four of the top 10 automobile brands in February showed growth, but in the end the market still lost 20%,” the report states.

AUTO-Consulting emphasizes that the decline in the electric car segment was more widespread than the overall decline in the market for new passenger cars – demand for them decreased by 37%, and their share amounted to only 15.6% against 20% in February-2024.

According to analysts, compared to January this year, sales of new passenger cars increased (by 5.3%), but at the end of January-February decreased by 13.6% compared to the two months of 2024.

“So, we have a negative result in the auto market for two months so far. This has already brought about changes among the top 20 automobile brands as well. The car market is still moving along the trend of 2017,” the report said.

As reported, according to AUTO-Consulting, in 2024, sales of new passenger cars in Ukraine increased by 9.8% to 2023 – up to 71.3 thousand units.