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Hryvnia drop buoys auto prices despite markup end, say importers
Journal Staff Report

KIEV, Sept. 9 – The prices of imported cars after the cancellation of a 13% markup on import duty (as of Sept. 7) could have fallen by 10-15% if the forex rate of the hryvnia against the U.S. dollar had remained at the level registered May through June, but amid the slump in the value of the hryvnia, car importers will try to keep the prices at the current level, say representatives of Ukrainian car importers.

"After the cancellation of the markup and with a stable hryvnia, the prices could have fallen by 10-15%, but under the current situation prices for some makes could slid by [only] 5-7%, and even grow for some. However, we'll try to keep the price at the current level," Olena Dunina, the head of AutoInternational company (the import of Mazda, Suzuki), said at a press conference on Monday.




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Currencies (in hryvnias)
  23.04.2024 prev
USD 39.78 39.79
RUR 0.426 0.426
EUR 42.31 42.38

Stock Market
  22.04.2024 prev
PFTS 507.0 507.0
source: PFTS

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