Import of used cars to Ukraine: leaders and trends for October

On November 17, 2023, Ukraine continues to be an active importer of used cars, according to experts of the Institute of Automobile Research. Particularly striking is the increase in import volumes, as well as changes in the geography of this process.

Imports increase

During October 2023, Ukrainians registered more than 27 thousand used cars, which indicates a stable demand for this market. Experts believe that increasing imports are the result of certain changes in the geopolitical context and blocking of seaports by Russia, which adversely affected the market, but the situation is gradually recovering.

Import geography

According to experts, most used cars were imported from EU countries - 61.3%. Another 33.9% of cars were imported from North America.

Top 20 countries in terms of quantity and cost

1. US - 9 thousand cars.
2. Germany - 4.8 thousand cars.
3. Poland - 3.5 thousand cars.
4. Slovakia - 1.5 thousand cars.
5. Norway - 1 thousand cars.
6. Netherlands, France, Lithuania, Switzerland, Czech Republic, Estonia - from 0.6 to 0.9 thousand cars.
7. China, Belgium, South Korea, Sweden, Georgia, Canada, Hungary, United Kingdom, Denmark - from 0.2 to 0.4 thousand cars.

The cost of imported cars

In October 2023, the total customs value of imported cars amounted to UAH 8.5 billion. The largest part of the money was spent on cars from the United States.

Top 20 countries in value

1. USA - UAH 3 515.2 million.
2. Germany - UAH 1 067.6 million.
3. Poland - UAH 966.8 million.
4. China - UAH 513.4 million.
5. Norway - UAH 463.6 million.
6. Slovakia - UAH 461.2 million.
7. France, the Netherlands, the Czech Republic - from 207.5 to 224.2 million UAH.
8. Lithuania, South Korea, Estonia, Switzerland - from 96 to 134.5 million UAH.
9. Hungary, Belgium, Canada, United Kingdom - from 47.6 to 96 million UAH.
10. Sweden, Hong Kong, Georgia, Slovenia - from 34.7 to 47.3 million UAH.

The average cost of a car

The average customs value is the leader of China - $ 33,848. The following are Hungary and Norway with average costs of $ 12,873 and $ 12,189, respectively.

Trends

Trends show that the highest demand is observed for available models worth 1-2 thousand dollars, as well as a car worth less than $ 10,000, which account for 72.7% of the market of imported cars. The lowest average price of used auto is recorded in Slovenia.

Conclusion: The market of used cars in Ukraine remains alive and attractive to Ukrainians, facilitating the dynamics of import and development of the automotive industry as a whole.