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Ukrainian car production rises 48% y-o-y in 8M11

Ukrainian car production rises 48% y-o-y in 8M11

20 September 2011

Ukrainian production of cars (passenger and commercial) and buses grew by 48% y-o-y in 8M11 to 67,127 units, Interfax reported yesterday, citing Ukravtoprom. Output of passenger cars increased by 57% y-o-y, buses – by 24% y-o-y, but commercial cars were down by 38% y-o-y. The top-3 leaders in 8M11 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 8M11
—————————————
                            units chg,y-o-y
—————————————
ZAZ (total)            39,674      +65%
passenger cars       38,757      +79%
commercial cars           824     -2.6x
buses                           93     -3.0x
—————————————
Bogdan (total)         13,928      +15%
passenger cars         13,551      +26%
commercial cars           339     -2.0x
buses                            38    -15.9x*
—————————————
Eurocar(passenger cars) 6,198      +65%
—————————————
* Bogdan Corporation sold its bus production unit Cherkasy Bus in March 2011
Source: Interfax, Concorde Capital

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