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Ukraine Autos Report Q1 2014

Ukraine Autos Market: New market analysis released

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2014-02-10 00:32:01 - Ukraine Autos Report Q1 2014 - a new market research report on

In Ukraine, vehicle production declined 39.5% year-on-year (y-o-y) in the first 11 months of the year, to 44,062 units. During this period, passenger car production declined 39.8% y-o-y, to 40,118 units, and commercial vehicle (CV) production dropped 38% y-o-y, to 1,831 units. On the back of output volumes over the year, and our view that many European markets, which are the country´s leading trade partners, are bottoming out somewhat, we forecast total vehicle production to fall 39.6% in 2013. This comes from an expected drop of 40% in the passenger car market, and a 35% decline in the CV segment.

This reflects further declines from 2012, when vehicle production in Ukraine fell by 27.1%, to 76,281 units.

Over the year, passenger car



production declined 28.6%, to 69,687 units, and CV production declined 6.7%, to 6,954 units.

Most of Ukraine´s passenger car output is destined for Western Europe, where many markets have bottomed out, and we expect to see a moderation in their sales declines, although many still remain in contractionary territory. CV production has historically been driven by strong export growth, but this dropped off in 2012 as manufacturing activity declined across much of Europe; we expect this segment to remain weak in 2013.

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