The automotive market of Ukraine

May 09, 2009 | BY

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Timur Bondaryev and Maria ZaetsArzinger [email protected], [email protected] Ukrainian automotive market has dramatically increased…

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Timur Bondaryev and Maria Zaets

Arzinger

[email protected],[email protected]

The Ukrainian automotive market has dramatically increased in recent years. In 2008, Ukraine ranked seventh place in the top ten largest car markets of Europe. Ukrainian car sales increased by 46.2 % (up to 542,000 Units) in 2007, as compared to 40% in 2006. The average growth in the European market was 5.4%.

Notably, over the last two years, sales of new cars in Ukraine have been four-times greater than the sales of used cars.

The