According to the Federation of Employers of Automotive Industry, new passenger car sales in Ukraine saw a substantial increase in June 2024, with a 23% jump compared to the same period in 2023. This growth brought the total number of units sold to 6,217, underscoring a positive trend in the automotive market.
The data from Auto-Consulting, which is cited by the federation, highlights that the cumulative sales over the first six months of the year are approaching last year’s annual total. This suggests a steady recovery in the sector, although factors such as economic conditions and geopolitical tensions continue to shape the market.
Industry experts attribute the rise in sales to a combination of factors, including improved consumer confidence and a gradual stabilization of the local economy. However, challenges related to supply chain disruptions and inflation remain potential concerns. The automotive industry is closely watched as a barometer for broader economic health in Ukraine.