Car market, Good for Business, Latvia, Markets and Companies

The turnover growth was due to rising inbound tourism as well as an increase in local deals.

Customers from Germany, Russia and Scandinavia traditionally prefer Sixt car rental services, and there was a significant rise in rental deals with tourists from the United States and the United Kingdom. "The price-to-quality ratio and availability of local rental offices has helped to attract also local customers. At present 40% of customers using Sixt short-term car rental services are individuals and corporate entities resident in Latvia," Sixt said.

In Latvia, the short-term car rental brand Sixt is represented by Transporent company as part of the international franchise network comprising 4,000 service locations in 105 world countries.

Transporent car rental company belongs to Transporent group representing the Sixt brand in all three Baltic states and fully owned by Latvian shareholders. The total Sixt car fleet in the Baltics, including the cars for short-term rental and full-service lease, comprises over 4,500 cars, of which more than a half are available for rent in Latvia.