Car market

International Internet Magazine. Baltic States news & analytics Monday, 21.08.2017, 09:44

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Latvian Police bust organized group illegally selling luxury cars

Latvian Police bust organized group illegally selling luxury cars

17.08.2017

The Financial Police of the State Revenue Service in August 2017 busted an organized group that had been illegally selling luxury automobiles and household equipment, avoiding to pay more than EUR 2.8 million in value added tax (VAT), LETA was told at the Revenue Service.

Keyword tags: Car market, Financial Services, Latvia, Legislation, Taxation, Transport



80% used automobiles sold illegally in Latvia

80% used automobiles sold illegally in Latvia

10.08.2017

80% pre-owned automobiles in Latvia are sold without paying taxes, as Latvian Automotive Association's President Andris Kulbergs said during an interview with LNT television on August 9th, informs LETA.

First time registration of cars grew by 11.1% in January-July in Latvia

First time registration of cars grew by 11.1% in January-July in Latvia

08.08.2017

First time registration of passenger cars rose by 11.1% year-on-year in the first seven months of the year 2017 as 39,722 autos were registered for the first time in Latvia during that period, writes LETA, according to the information from the Latvian Road Traffic Safety Directorate (CSDD).


Electric cars at 0.03% of all automobile registrations in Lithuania

Electric cars at 0.03% of all automobile registrations in Lithuania

04.08.2017

About 350 electric cars are registered in Lithuania at the moment, which makes 0.03% of all registered automobiles, ve.lt news portal reported, cites LETA/BNS.

Turnover of trade and repair of motor vehicles enterprises in Lithuania grew by 0.6% in June

Turnover of trade and repair of motor vehicles enterprises in Lithuania grew by 0.6% in June

27.07.2017

Statistics Lithuania informs that, based on provisional data, in June 2017, the turnover (VAT excluded) of enterprises engaged in wholesale and retail trade, repair of motor vehicles and motorcycles amounted to EUR 296.2 million at current prices and, against May 2017, seasonally and calendar adjusted, increased by 0.6% at constant prices (unadjusted – decreased by 3.9%).


25.07.2017

In Estonia and Lithuania the registration of new commercial cars increased, in Latvia decreased in H1

During the first six months of 2017, Latvia showed the sixth fastest drop in the registration of new commercial transport vehicles (trucks and buses) in Europe, writes LETA, according to the latest data released today by the European Automobile Manufacturers' Association (ACEA).

25.07.2017

Toyota sales in Latvia rise almost 25% in H1

Toyota sales in Latvia increased almost 25% in the first half of 2017 year-on-year, and a total of 1,264 new Toyota automobiles were sold in Latvia in January-June this year, as Aleksejs Radionovs, executive director at the joint-stock company Wess, the authorized Toyota and Lexus dealership in Latvia, told LETA.

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