Business news from Ukraine

NEW COMMERCIAL CARS MARKET IS STILL GROWING IN UKRAINE

The market of new commercial vehicles in Ukraine (including heavy trucks) in January-July 2018 increased by 17% compared to the same period in 2017, to 7,300 units, according to the Ukrautoprom association. Thus, following the results of seven months, the market reduced its growth rates (in January-May the growth from the same period of 2017 was 22%, in January-June some 24%).
This situation is associated with a fall in sales of commercial vehicles in July this year by 18% from July 2017 and by 25% from June this year, to 928 units.
The highest demand in the July market (like in June) was recorded for Renault cars, which occupied almost 23% of the market with the registration of 211 vehicles (18% more than in July last year). Fiat ranked second with 109 registrations, which is 36% more than last year’s July figure, and Mercedes-Benz ranks third with a reduction of 31% and with 83 vehicles sold. According to the association, the Ukrainian auto brand ZAZ ranks 13th with 21 cars (against 15 units in July of last year and 13 in June of the current year), KrAZ, as in last year’s July, sold 13 trucks. At the same time, Russian brands UAZ (22 cars against 11 in July 2017) and KAMAZ (20 against 10) increased their registration, while GAZ more than halved sales, to 60 units. Belarusian MAZ in July also significantly reduced sales from July of last year, by 55.8%, to 42 vehicles.

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PEUGEOT CITROEN UKRAINE TO LAUNCH DISTRIBUTION OF OPEL CARS IN UKRAINE FROM 2019

The centralized operational management of sales and servicing of Opel cars in Ukraine from January 1, 2019 will be transferred to the official importer of the PSA group in Ukraine – Peugeot Citroen Ukraine LLC.
Ukraine will be the first market in Eastern Europe where Opel will launch activities “under the wing” of the PSA, the importer said in a press release on Monday, June 25.
The company notes that after the acquisition of the Opel brand in 2017, the PSA group began implementing a new strategy for the development of the brand in the European and world markets. The new stage of development of Opel in Ukraine corresponds to the strategic “PACE!” plan, which will restore the financial framework of the brand, improve competitiveness indicators and accelerate the growth of the Opel company.
“The automotive market of Ukraine retains a high potential for further growth, which makes it a good platform for a new stage in the development of the Opel brand. With the new competitive products, offers in after-sales service and a competently built car dealership network, we intend not only to retain existing customers of the brand, but also to win new ones,” the press service quoted CEO at Peugeot Citroen Ukraine Viktor Kordylevsky as saying.
General Auto Group, part of the UkrAVTO corporation, was engaged in the official distribution of Opel cars in Ukraine since 2003.
Currently, the PSA’s brand portfolio includes Peugeot, Citroёn, DS, Opel and Vauxhall, and also the Free2Move car sharing trademark.
In 2018, PSA plans to boost its share on the market of new passenger cars and commercial vehicles in Ukraine to 6.2% against 4.63% in 2017. The share of Peugeot alone is expected to be 3.75%, and that of Citroёn 2.45% (2.75% and 1.88% in 2017, respectively).

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