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May 14, 2008

UKRAINE: New car sales reach record

Over 61,000 cars were sold in Ukraine in April and car sales growth was 61% over the four months in 2008 compared to the same period in 2007 - a new record.

Over 61,000 cars were sold in Ukraine in April and car sales growth was 61% over the four months in 2008 compared to the same period in 2007 – a new record.

Figures reported by the Ukrainian National News Agency say that in April AvtoVAZ led the market with 17% share.

There were also significant market share figures for Daewoo, Geely, Honda, SsangYong and Seat brands.

The report also said that over 500 Lexus cars were sold.

April results could have been better if more credits were given, the report said. A new credit policy by banks has yet to have its effect on the car sales market, according to AUTO-Consulting analysts.

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