News October 2008

Recession of sales on domestic automotive market, deficite and sufficient rise in credit resources, will result, for sure, in "polarization" of automotive market: demand will be shifted to the sector of popular vehicles and to premium-vehicles, where sales on credit had never occupied large portion. In this situation the consumer often reviews the version of vehicle purchase by available cash resources, not attracting the loans. Taking these facts into account, "UkrAVTO" Corporation took the decision to proceed with "Slavuta" production next year. "Slavuta" is the most favorable proposal nowadays in the niche of popular vehicles. Decision to reserve its production the next year was dictated by market conditions", - said Oleg Papashev, the Vice-President of "UkrAVTO" Corporation. Recently Zaporozhye Automobile Building Plant, included to the structure of "UkrAVTO" Corporation, announced about its intention to diversify the channels for promotion of its products due to situation arisen at domestic market. Inclusion of "Slavuta" to production plan of the next year is one of measures, which should minimize the impact of Ukrainian crisis on Company activities.