Car production in Ukraine declines 84% yoy in 10M09

——-  ———————-   ——  ——-  —–
Company  Brands                        10M09    10M08  Chg,%
——-  ———————-   ——  ——-  —–
ZAZ      Tavria,Daewoo,VAZ,Opel   42,323  242,163   -83%
Bogdan   VAZ,KIA,Hyundai           12,608   77,535   -84%
KrASZ    VAZ,Ssang Young           3,164   23,865   -87%
Eurocar  Skoda,VW,Audi,Seat        2,540   34,224   -93%
——-  ———————-   ——  ——-  —–
Total                                           60,623  373,529   -84%
——-  ———————-   ——  ——-  —–
Source: Ukrautoprom

Yegor Samusenko: The automobile industry’s 10M09 figures do not show much of a change since last month: overall production fell 6x yoy. However, car output was down 32% mom. Looking at specific producers, Bogdan Motors’ monthly output disappointed more than the others: it produced only 357 cars vs. 1.3 ths a month ago. We expect a negative reaction from the stock market to these figures.