Quarantine in Ukraine has hit the car market very hard. And although car dealerships have resumed operations, sales of new cars have still plummeted, reaching levels reminiscent of the Soviet era.
As reported by AUTO-Consulting director Oleg Omelnytsky, in the first three weeks of April, sales fell by 63% compared to March. The new car market has rolled back to early 2015 levels (only 46.5 thousand units were recorded for the entire year back then). These figures are roughly comparable to the year 1969.
In the second week of April, a slight revival was recorded, and the decline slowed slightly to -44%, but by the third week, the decline resumed (-75%). A good result for April would be 2500 cars sold. The figures are slightly better in the business vehicle segment (LCV). Over 3 weeks, sales fell by 54%, but the market was supported by emergency purchases of medical vehicles and minibuses for transporting staff. As Oleg Omelnytsky stated, the bottom was reached in the first week of April, and from then on, quantitative indicators improved.
However, getting out of the “pit” will take a very long time.