Business news from Ukraine

VEHICLE PRODUCTION IN MAY GROWS BY 33.7% DUE TO EUROCAR’S SKODA PASSENGER CARS

8 June , 2016  

KYIV. June 8 (Interfax-Ukraine) – Ukrainian vehicle manufacturers produced 591 vehicles in May 2016, which was 33.7% up on May 2015, which is almost twice the indicator registered in April 2016, the Ukrautoprom Association.

The growth was due to the manufacture of 473 passenger cars at PrJSC Eurocar, which was 2.5 times up on April 2016 (only Eurocar produced cars) and 63.7% up on May 2015 (all 289 cars were produced by PJSC ZAZ, Eurocar did not manufacture them), the association said on in its website.

Eighty-one commercial vehicles were manufactured in May 2016, which was 23% down on May 2015 and 26.4% down on April 2016. Eighty vehicles were manufactured by PJSC AutoKrAZ, and one by Cherkasy Bus Plant.

Last month, 37 buses were produced – all by Cherkasy Bus Plant, which manufactured only one bus in April. Bus output in May 2016 was 23% down on May 2015, when 20 buses were produced by Chasiv Yar Buses, nine buses by ZAZ and 19 by Cherkasy Bus Plant.

Vehicle production in January-May 2016 slowed by 13.5% year-over-year (in the first four months the decline was 27.5%), to 1,667 vehicles.

In particular, the output of passenger cars grew by 2.2% from January-May 2015, to 1,288 cars due to an 86.4% increase in PrJSC Eurocar’s production, to 1,284 vehicles, while PJSC ZAZ manufactured only four passenger cars against 571 cars a year before.

Commercial vehicles output was 331 units (34.5% down), including 330 vehicles produced by AutoKrAZ (27% down) and one vehicle by Cherkasy Bus, which produced 44 vehicles in the first five months of 2015.

Buses in January-May 2015 were manufactured only by Cherkasy Bus (38 buses) and Bogdan Corporation (10 buses), bus output in the five months of 2015 was 70.4% down year-over-year.

Thus, since the beginning of the year, only PJSC AutoKrAZ and PrJSC Eurocar have been working with insignificant load, while Bogdan Corporation and Etalon, PJSC ZAZ and Chasiv Yar Buses have been standing idle. Cherkasy Bus Plant has almost halved output.

As was reported, vehicle production in Ukraine in 2015 fell by 71.5% from 2014, to 8,244 vehicles.