International Internet Magazine. Baltic States news & analytics
Friday, 21.10.2016, 03:30
The average age of automobiles in Latvia is the second oldest in Europe, furthermore, major defects are found in 50% to 80% of automobiles during the annual vehicle inspections, as Janis Liepins, head of the Road Traffic Safety Directorate's Vehicle Technical Control and Certification Inspection, told Saeima Mandate, Ethics and Submissions Committee today, writes LETA.
Keyword tags: Analytics, Car market, Latvia, Legislation, Markets and Companies, Passenger cars, Statistics
With 46,797 passenger cars registered for the first time in Latvia in January-September 2016, the number of first-time registrations dropped by 2.5 percent compared to the respective period in 2015, according to the information from the Latvian Road Traffic Safety Directorate (CSDD), reports LETA.
The listed Polish importer and distributor of spare parts for motor vehicles Inter Cars has opened a 1,000 square meter warehouse and representation in the Estonian capital Tallinn and plans to expand to Tartu, Parnu and East-Viru County in the near future, writes LETA/BNS.
The Estonian smartphone app Taxify that connects riders with local taxis and private drivers launched the service with 200 drivers in the Ukrainian capital Kiev on Friday, reports LETA/BNS.
Inchape BM Auto, the dealership of BMW, Mini, Alpina, Jaguar, Land Rover automobiles and BMW Motorrad motorcycles in Latvia, will be merged with Inchape Motors Latvia, which sells Mazda and Ford automobiles in Latvia, according to a statement printed in the official gazette Latvijas Vestnesis.
Toyota Baltic AS boosted its revenue 5.8% to 169.2 mln euros in the financial year ending March 2016, whereas the net result was a loss of 544,088 euros compared with a profit of almost 2 mln euros earned in the previous financial year, reports LETA/BNS.
Lithuania's new car sales rose at one of the fastest rates in the EU in January through August 2016, figures from the European Automobile Manufacturers' Association (ACEA) showed on Thursday, writes LETA/BNS.