Baltic, Car market, Good for Business, Transport

Lithuanian market was the slowest-growing one, but it managed to maintain second position in the region (+2.3% to 3’951 units), Latvian market reached almost similar volume, but it grew much faster (+9.8% to 3’919 units), meanwhile Estonian market was the largest (5’901 units) and showed the best growth rate (+16.0%).

New light-vehicle registrations in the Baltic States increased 13.0% to 55’821 units in the full year 2014. Estonia remained the largest market in the region (24’378 units), but its grow rate was the slowest (+7.9%). Lithuania was the fastest-growing market (+17.6%) and second by volume (16’452 units), though Latvia was quite close: it increased by 17.0% to 14’991 units. Estonia firmly holds its position as the largest market in the Baltic States, accounting for 43.7% of the total, while Lithuania and Latvia respectively had 29.5% and 26.9% shares.

When calculated per 1’000 inhabitants, Lithuania remains in the worst position: its result is just 5.63, while Latvian one is 7.54 and Estonia is clear leader here with 18.53. There were 48’048 passenger cars (+13.1%) and 7’773 light commercial vehicles (+12.9%) registered in the Baltic States in the full year 2014. The best performing makes (brands) were Volkswagen (6’985 units), Toyota (6’711 units), Skoda (5’184 units), Renault (3’443 units) and Nissan (3’419 units). The most popular models were Skoda Octavia (2’106 units), Fiat 500 (2’000 units), Nissan Qashqai (1’893 units), Toyota RAV4 (1’400 units) and Volkswagen Golf (1’346 units).