Ukraine 2024. Vehicle Market Back Up Despite Ongoing Conflict

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Ukrainian cars market has had a huge increase in 2024. Sales in March reached 5,583 units (+10.1%). Peugeot booms into 6th place, with a 261.5% year-on-year increase.

Market Trend

Despite the Ukrainian market collapse in 2023, 2024 has gained a certain momentum with YTD sales reaching 21,883 units, with a 35.7% growth. Sales in March totaled 5,583 registrations (+10.1%). 

Brand-wise, Toyota maintains first place reporting a 37.5% increase in sales YTD while holding a 16.0% market share, followed by Renault which gained 68.6%. Volkswagen is in third with a 36.6% increase in sales YTD.

Medium-Term Market Trend

The market has been hit by economic and political crises, falling near one-tenth of the record level (over 600,000 sales) achieved over a decade ago. The negative peak was hit in 2016, with only 65,516 units sold. Then, the market registered a sign of recovery in 2017 with 82,729 units. However, sales went down 2.4% again in 2018 at 80,742.

In 2019, the market immediately recovered from the previous year’s drop, ending with total sales at 88,253 (+9.3%). 

The market fell very slightly in 2020 despite the global pandemic has impacted sales significantly in Q2, in fact, full-year sales been 85,450, reporting a decline of 3.2% compared to 2019.

In 2021 the year started positively for the Ukraine market, in fact, in Q1 21,096 units have been sold, reporting a 4% increase in sales compared to Q1 2020, while in Q2 sales started growing quickly, reporting a 61.8% increase in sales with 27,284 units due to the very low volumes in Q2 2020.

In Q3 sales grew in double-digits, gaining 20.8% sales with 27,719 units, and in Q4 27,145 units were sold, gaining 7.1%.

Indeed, Full-Year sales for 2021 have been 103,244, reporting a 20.8% increase compared to 2020.

In 2023 the Ukrainian market collapsed, reporting only 59,663 units sold (-41.3%).

Tables with sales figures

In the tables below we report sales for all Brands, top 10 Manufacturers Group and top 10 Models.

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