Car production in Ukraine down 84% yoy in 8M09

——-  ———————-   ——  ——-  —–
Company  Brands                           8M09     8M08  Chg,%
——-  ———————-   ——  ——-  —–
ZAZ      Tavria,Daewoo,VAZ,Opel   34,922  199,995   -83%
Bogdan   VAZ,KIA,Hyundai            10,994   60,898   -82%
KrASZ    VAZ,Ssang Young             2,267   17,914   -93%
Eurocar  Skoda,VW,Audi,Seat         1,308   26,449   -95%
——-  ———————-   ——  ——-  —–
Total                                               49,491  305,317   -84%
——-  ———————-   ——  ——-  —–
New car sales in Ukraine                122,107  435,184   -72%
Ukr producers share in new sales        41%      70%
——-  ———————-   ——  ——-  —–

Note: ZAZ,Eurocar,KrASZ are not public companies
Source: Ukrautoprom, Auto-Consulting

Yegor Samusenko: Ukrainian car producers continued to show a 6x reduction in output in August. Moreover, their share in new car sales kept falling due to more aggressive marketing practices from imported car dealers. With the lifting of the additional 13% import duty on automobile imports since September, domestic car makers’ prospects do not look too rosy; we expect their share in new car sales to decline to 35% in 2009E.