Sales of used cars in Ukraine shrink by almost 60% in Q1

Sales of used cars on Ukraine's primary market formed by imports shrank by 57% in January-March 2020 (Q1) year-over-year (y-o-y), to 79,500 vehicles. "Despite this, the share of used cars on the primary market was 80%," the Ukrautoprom Association's press service said on April 4. In March alone, 18,600 cars with mileages imported into the country acquired Ukrainian license plates. "Compared to March last year, the number of registrations of such cars fell by 61%. This was caused by the fact that in the last two weeks of the month, service centers of the Ministry of Internal Affairs suspended registration of used cars over the [coronavirus] quarantine," the report said. Despite this, imports of used vehicles continue to dominate on the primary market for passenger cars, the press service said. "In March, out of 24,800 cars first registered in Ukraine, only every fourth was new. As a result, used cars that underwent customs clearance accounted for 75% of the vehicles that replenished the country's passenger car fleet last month," the report said. In March, the Volkswagen Passat make remained in the lead with 1,099 used cars sold. The Renault Megane ranked second with 1,084 cars with mileage sold in the third month of the year. The Skoda Octavia was third with 982 used cars sold. The Volkswagen Golf model became fourth with 861 used cars registered. The Ford Focus ranked fifth with 695 cars with mileage sold and registered in March 2020. As UNIAN reported earlier, sales of used cars on Ukraine's primary market formed by imports grew by 3.5 times in 2019 year-on-year, to 408,100 vehicles, according to Ukrautoprom. UNIAN memo. The Ukrainian Motor Vehicle Manufacturers Association, Ukrautoprom, was created in 1997. Its founders include more than 20 leading enterprises of Ukraine's automotive industry.

Sales of used cars in Ukraine shrink by almost 60% in Q1

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