Ukrainian car production grows 44% y-o-y in 9M11

Ukrainian production of automobiles (passenger and commercial) and busses rose by 44% y-o-y in 9M11 to 76,925 units, Ukravtoprom reported yesterday. Output of passenger cars increased by 50% y-o-y, and buses by 34% y-o-y, but commercial vehicles was down by 35% y-o-y. The top-3 leaders in 9M11 were: ZAZ (affiliated with UkrAvto (UX: AVTO UK, N/R)), Bogdan Corporation (owner of Bogdan Motors (UX: LUAZ UK, U/R) and Eurocar, which produced 59%, 21% and 9% of total output respectively.

Top-3 leaders output in 9M11
————————————–
                                  Units y-o-y,%
————————————–
ZAZ (total)                  45,122    +59%
  passenger cars          44,064    +70%
  commercial cars             927   -2.4x
  busses                           131   -2.4x
Bogdan (total)              16,338    +16%
  passenger cars            15,863    +26%
  commercial cars           414   -2.1x
  buses                            61  -11.4x*
Eurocar (passenger cars) 7,203    +50%

 * Bogdan Corporation sold its bus production unit Cherkasy Bus in March 2011

Source: Interfax, Concorde Capital