The war and the introduction of free customs clearance have affected the cost of used cars in Ukraine. The greatest demand is for cars worth 3-5 thousand dollars.
Used cars in Ukraine in 2022 mostly fell in price. This is evidenced by the results of monitoring conducted by the Institute for Automotive Research.
Dynamics of prices for used cars in Ukraine in 2022
Experts analyzed over 1.7 million used car ads in 2022. It turned out that in February, before the start of the full-scale invasion of the Russian Federation, the average price of a used car was $ 7,000, and in April it dropped to $ 5,100.
The fall was due not only to the fall in the purchasing power of citizens during the war, but also import of hundreds of thousands of inexpensive cars for free customs clearance. Its cancellation provoked an increase in the average price of a used car to $ 6,500.
Since the market has become saturated with inexpensive “Euro-plates”, their structure has changed. If earlier they bought more cars in the price segments of $1-2 thousand and $5-6 thousand, now cars worth $3-5 thousand are in demand.
The most popular used cars in Ukraine have fallen in price by 10 since the beginning of the year twenty%. Thus, the average price of Volkswagen Passat decreased from $9426 to $7802, Skoda Octavia – from $8469 to $7327 and Renault Megane – from $8030 to $6532.
What awaits the used car market in Ukraine
< p> Experts predict that the growth of the dollar and the fall in the purchasing power of Ukrainians will reduce sales of used cars. However, budget models costing from $1,000 to $6,000 will be in stable demand.
Used cars from Europe and the USA will definitely not get cheaper in the near future, while cars worth more than $10,000 will become more expensive. A kind of “freeze” in the market of expensive cars with large “gluttonous” engines is also predicted – they will no longer be bought, and sellers will not rush to reduce prices.