Car output in Ukraine declines 6x yoy in 11M09

——-  ———————-   ——  ——-  —–
Company  Brands                          11M09    11M08  Chg,%
——-  ———————-   ——  ——-  —–
ZAZ      Tavria,Daewoo,VAZ,Opel   43,128  248,624   -83%
Bogdan   VAZ,KIA,Hyundai           13,591   83,307   -84%
KrASZ    VAZ,Ssang Young            3,485   25,593   -86%
Eurocar  Skoda,VW,Audi,Seat        3,155   35,503   -91%
——-  ———————-   ——  ——-  —–
Total                                           63,397  388,641   -84%
——-  ———————-   ——  ——-  —–
Note: ZAZ, Eurocar, KrASZ are not public companies
Source: Ukrautoprom

Yegor Samusenko: Domestic manufacturers’ output continued dropping in November. Car production fell 3x mom to 855 units at ZAZ, the biggest auto-assembler in the country. At the same time, Bogdan Motors increased production to almost 1 ths units in November, up 3x mom, but still below its summer level and 12x lower its highest month in August 2008. We believe we will continue to see fluctuations in the monthly output figures of domestic car makers in the near future until domestic demand for new cars stabilizes.