Carmakers Will Remain Extremely Cautious About Increasing Production

Auto production in Ukraine marked its first month-on-month (m-o-m) growth so far this year in July with output reaching 7,530 units, up 11% compared with June this year, according to estimates from the Ukrainian Motor Vehicle Manufacturers Association (UkrAutoprom). Although the worst is clearly over for the country's industry, BMI believes that the underlying weakness in domestic demand fundamentals in the country will continue to make carmakers extremely cautious about any significant increase in production this year.

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