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01 Sep. 2024

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How long will the car be sold on the Ukrainian domestic market in 2024?

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How long will the car be sold on the Ukrainian domestic market in 2024?

The used car market in Ukraine continues to adapt to new conditions. The duration of a car sale depends on many factors. Find out more about how long it takes to sell a used car in Ukraine

Insurance policy Green card for traveling abroad by car
Insurance policy Green card for traveling abroad by car
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The used car market in Ukraine remains dynamic and sensitive to various factors, including economic, political and social. The ongoing war in the country has had a significant impact on this segment of the car market. Below, we will tell you how long it takes to sell a used car in Ukraine in 2024 on average, based on a study conducted by AUTO.RIA.


How long does it take to sell a car on the Ukrainian domestic market?


According to the study, the average time to sell a used car in Ukraine in 2024 is 100 days or more. This indicates that the sales process has slowed down significantly compared to pre-war times.


The average time to sell a budget car is 76 days. At the same time, expensive cars take about 100 days to sell.

How to sell a car: factors that affect the duration of a car sale


● The condition of the car. Cars in good technical condition with minimal damage sell faster.

● Price. An overpriced car can drive potential buyers away, increasing the time it takes to sell.

 Make and model. Popular brands and models usually sell faster.

 Equipment. Cars with additional options and equipment may be more attractive to buyers.

 Seasonality. Activity in the used car market can vary depending on the time of year.

● General economic situation. Economic instability, inflation, and declining household incomes can negatively affect the demand for used cars.


In order to speed up the process of selling a used car, sellers are advised to carefully prepare the car for sale, realistically estimate the value, take high-quality photos, place ads on various platforms and provide potential buyers with all the necessary information about the car.


In our previous articles, we told you


- how to re-register a car to another owner at a service centre of the Ministry of Internal Affairs;
-how to re-register a car through Diia;
-what tax should be paid when selling a second vehicle in a year.




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A reminder for Ukrainian drivers!

An insurance policy is mandatory for every vehicle in the country.

Motor Third Party Liability Insurance (MTPL) is a compulsory vehicle insurance in Ukraine that guarantees compensation for damages in the event of an accident. On the Visit Ukraine portal, you can buy a CTP insurance policy from a licensed insurer for reliable protection on the roads of Ukraine. Packages with a deductible of UAH 3200, UAH 1600 and UAH 0 are available.


Just a reminder. For every vehicle with a Ukrainian registration, the issuance of a motor third party liability insurance policy is mandatory. Find out what fines are provided for by law for the absence of a policy and how to quickly buy CTPCI online here.


Photo: Freepik 


Want to know more? Read the latest news and useful materials about Ukraine and the world in the News section.




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