Analytics, Baltic, Car market, Good for Business, Statistics
International Internet Magazine. Baltic States news & analytics
Friday, 29.03.2024, 06:22
New light-vehicle registrations in the Baltic States increased more than 14% in 2016
Lithuanian market remained the leader by growth rate and kept
its second position in the region (+8.1% to 5’286 units). Latvian market showed
slowest growth pace and was the smallest by volume (+4.9% to 4’319 units).
Meanwhile Estonia showed moderate growth and safely kept its leading position
(+6.3% to 6’167 units).
New light-vehicle
registrations in the Baltic States increased 14.1% to 69’000 units in the full
year 2016. All three countries reached positive full-year results: Estonian
market still remains obvious leader by volume, but its growth rate was the slowest
(+9.7% to 27’350 units), Lithuanian market outpaced the others by growth rate
once again and was 2nd by volume (+18.7% to 23’075 units), Latvian market was
second by growth rate and the smallest by volume (+15.3% to 18’575 units).
Estonia continues to hold its position as the largest market
in the Baltic States, accounting for 39.6% of the total, while Lithuania and
Latvia respectively had 33.4% and 26.9% shares.
When calculated per 1’000 inhabitants, Lithuania continues
to be in the worst position: its index is just 8.1, while Latvian one is 9.5
and Estonia is clear leader here with 20.7.
There were 59’638 passenger cars (+15.0%) and 9’362 light
commercial vehicles (+8.7%) registered in the Baltic States in the full year
2016. The best performing makes (brands) were Toyota (8’344 units), Volkswagen
(7’796 units), Skoda (6’181 units), Fiat (4’828 units) and Renault (4’824
units). The most popular models were Fiat 500 (2’843 units), Skoda Octavia
(2’743 units), Nissan Qashqai (2’305 units), Volkswagen Passat (1’894 units)
and Toyota Auris (1’721 units).