Ukrainian production collapsed after 2008
- Ukrainian automobile production followed exactly the curve of the domestic market, which fell in 2009 and has not really recovered since. The 2008 financial crisis has placed the country in a situation of near bankruptcy like Greece in southeastern Europe.
- Banks limited drastically access to credit in 2009. Consequently car sales, that had boomed in 2007 and 2008, suddenly tumbled by almost 65%! Ukrainian automobile production that supplied the domestic market with only 4 carmakers (ZAZ , Bogdan , Krasz, Eurocar) selling nine different brands (ZAZ, Lada, Chery, Geely, Chevrolet, Hyundai, Kia, Skoda, Ssangyong) collapsed at the same time, from 400,000 units annually in 2007 and 2008 to less than 100,000 from 2009 ( a drop of over 75 %). In 2013 , less than 50,000 vehicles were produced in Ukraine, and the question of the survival of the automobile industry in this country is now acute.
- Note that the Ukrainian vehicles are produced by using kits from abroad: ZAZ Sens (from Korea = Daewoo Lanos), ZAZ Forza (from China Chery = Fulwin2 ) A13 Chery and Geely CK (from China) , Lada 2110 (from Russia), Chevrolet Aveo (from Korea) , Hyundai, Kia and Ssangyong (from Korea), Skoda (from Czech Republic).
