Average prices for cars in Ukraine increased by 1,2% in August, according to the State Statistics Service

In August 2024, the price of cars in Ukraine increased by 1,2%, according to the State Statistics Service report. The overall increase in transport costs reached 0,6%. In addition, fuel prices, including gasoline, diesel and lubricants, increased by 0,5% over the same period.

The 1,2% increase in car prices reflects current economic factors, including inflation and changes in the car market. There is a constant increase in prices in Ukraine, as inflation reached 7,5% per year at the end of August. Concerns about the government's new tax initiatives have also affected this situation.

In July 2024, a draft law was submitted to the Verkhovna Rada of Ukraine, which provided for an increase in taxes, including a possible military levy of 15% on the initial registration of both new and used vehicles. Anticipation of these changes has already affected the auto market, causing price adjustments and influencing consumer behavior.

Despite the increase in prices, the Ukrainian car market continues to set records for the sale of new cars, which indicates high demand. However, further changes in legislation may lead to greater price fluctuations in the coming months.