Ukraine’s car manufacturing collapses by 83%

22:05, 09 September 2015
Economy
347 0

Production of passenger cars decreased by 87%, commercial vehicles - by 18.6%, and buses – by 39%, according to Ukravtoprom Association report. 

 Production of passenger cars decreased to 2,914 / Photo from UNIAN

Manufacture of motor vehicles in Ukraine in January-August 2015 decreased by 83% year over year (yoy) – to 4,218, reads the report.

According to the association, the production of passenger cars in the reporting period decreased by 87% - to 2,914. Only 921 commercial vehicles were manufactured, which is 18.6% less than in the same period of 2014. Production of buses fell by 39%, with just 383 buses manufactured this year.

Read alsoUkraine drops foreign trade in motor cars to 15-year lowAugust saw a decrease of vehicle production by 56% yoy- down to 193 vehicles. At the same time compared to the previous month, the number of produced cars dropped by 77%.

As noted in the association, no passenger cars were produced in August.

Read alsoAutomobile production in Ukraine almost grinds to halt 136 commercial vehicles in August is 3.5% less than produced in July and down 11% yoy. Bus production in August was at 57 units, which is 27% less than in July and down 44% yoy.

As UNIAN reported earlier, according to Ukravtoprom association, production of vehicles in Ukraine fell by 83.5% in January-July, down to 4,025 and by 43% yoy – to 28,751.

UNIAN memo. Ukraine’s biggest passenger car and bus manufacturer is UkrAVTO Corporation (ZAZ), Bogdan Corporation, Eurocar,  AIS Corporation (KrASZ), Etalon Corporatoin (Boryspil and Chernihiv car plants).

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