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Ukraine’s car manufacturing collapses by 83%

Ukraine’s car manufacturing collapses by 83%Production of passenger cars decreased by 87%, commercial vehicles - by 18.6%, and buses – by 39%, according to Ukravtoprom Association report.

Manufacture of motor vehicles in Ukraine in January-August 2015 decreased by 83% year over year (yoy) – to 4,218, reads the report.

According to the association, the production of passenger cars in the reporting period decreased by 87% - to 2,914. Only 921 commercial vehicles were manufactured, which is 18.6% less than in the same period of 2014. Production of buses fell by 39%, with just 383 buses manufactured this year.

August saw a decrease of vehicle production by 56% - down to 193 vehicles. At the same time compared to the previous month, the number of produced cars dropped by 77%.

As noted in the association, no passenger cars were produced in August.

136 commercial vehicles in August is 3.5% less than produced in July and down 11% yoy. Bus production in August was at 57 units, which is 27% less than in July and down 44% yoy.
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