New car sales decline in June - Samar

The number of registrations of new passenger cars and vans up to 3.5 tons decreased by 10.72% y/y and amounted to 45,108 cars in June, Samar Automotive Market Research Institute reported. Compared to May, car sales increased by 9.49%. Samar expects full-year passenger cars sales to reach 455,000 this year, and delivery vehicles sales at 70,000 units.

The cumulative number of car registrations after six months of this year is 13.1% lower compared to a year earlier and amounts to 243,972 vehicles. June marks the twelfth consecutive decline in sales year-on-year.

“Although Ukrainian suppliers have already resumed their activities, thanks to which the production of components has slightly increased, its current volume does not allow to compensate for earlier losses,” Samar said in a statement.

(ISB News)