How prices for used cars in Ukraine will change in the near future

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 How prices for used cars will change in Ukraine in the near future

The import of used cars in July decreased significantly due to the abolition of free customs clearance. The key factor affecting the cost of used cars in Ukraine will be the exchange rate.

Used cars in Ukraine will rise in price, and their import volumes will decrease significantly in August. This forecast was voiced by experts from the Automotive Research Institute.

The abolition of zero customs clearance has already led to a sharp reduction in car imports to Ukraine. In July, only 13.9 thousand of them were imported – in fact, 10 times less than a month earlier. Moreover, a significant part of the cars are those that simply did not have time to bring in and clear customs for free before July 1.

How prices for used cars in Ukraine will change in the near future

Since all these cars have already reached Ukraine, in August the volume of imports will become even smaller. Of course, the growth of the exchange rate will also play a role – it will affect both the price of cars and the cost of customs clearance, because the excise tax is calculated in euros.

“This significantly reduces the solvency of Ukrainians, importing cars from abroad becomes economically unprofitable, as a result, the demand for services is significantly reduced,” said Yulia Rykovskaya, a member of the board of the Institute for Automotive Market Research.

Back in July, there was a revival in the used car market in Ukraine – the last cars cleared for free were sold . However, some sellers have already begun to raise prices.

Analyst Ostap Novitsky believes that due to the depletion of stocks of freshly imported cars, the increase in the cost of shipping used cars from the US and the depreciation of the hryvnia, we should expect a decrease in sales of used cars. A comprehensive reform can revive the car market – the introduction of a new customs clearance scheme in a smartphone, promised by the Cabinet of Ministers.

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