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Used cars primary registration in Ukraine reached to 30% of total registration of passenger cars

Used cars primary registration in Ukraine reached to 30% of total registration of passenger carsThe share of primary registration of used passenger cars in Ukraine in September-October 2016 reached 30% of the total registration of passenger cars in Ukraine for the period (new and used), whereas in the previous eight months the figure stood at 10%, the Ukrautoprom association has said.

The growth of primary registration of used cars was due to the coming into force of the changes to the Tax Code from August 1, which for three years significantly reduced excise duty on such cars.

According to Ukrautoprom, in October 9,167 cars were registered in the primary market, while 34% (3,094 cars) were used ones. Compared to October last year, the primary market of second-hand cars in this segment grew by 82% and from September this year by 13%.

Among used cars the leading brands in October were Volkswagen (564 units), Renault (545 units), and Skoda (340).

In general, a total of 11,204 vehicles were registered in the primary market in October (including commercial vehicles and buses), in particular the share of used vehicles was 38% (4,272 units).

Some 1,163 cars were registered in the segment of commercial vehicles in October, which is 25% more than in September this year, but 25% less than in October last year.
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