Ukrainian car producers boost output 36.7% yoy in 1H08

Company  Brands                       1H07        1H08       Chg,yoy
———————————————————-
ZAZ      Tavria,Daewoo,VAZ,Opel  118,894  153,407     29.0
Eurocar  Skoda,VW,Audi,Seat       13,305    19,664       47.8
Bogdan   VAZ,KIA,Hyundai           25,336    41,369       63.3
KrASZ    VAZ,Ssang Yong             9,015      13,282      47.3
———————————————————-
Total                                          166,550  227,722     36.7

Note: ZAZ, Eurocar & KrASZ are not public companies

Source: Company data

Inna Perepelytsya: Given the market’s strong momentum and Bogdan’s (LUAZ: BUY) plans to expand capacity, we fully believe it will meet our full-year forecast of 95,434 units (see our Automotive Industry report of April 11).