Analytics, Car market, Lithuania, Transport
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Friday, 26.04.2024, 11:34
Lithuania's new car market shrinks 29% in H1 y-o-y
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In June alone, new car registrations plunged by 39.3% y-o-y to 3,003 units, it said, citing data from the state car registration company Regitra.
“Even though the rate of decline was considerably smaller compared to April (-67.3%) or May (-54%), the market continued to suffer from the fallout of the lockdown introduced due to the COVID-19 pandemic,” Autotyrimai said.
The market research company once again noted a high rate of re-exports in June, with 718 registered new cars (including 668 Fiats and 32 Jeeps) de-registered by the end of the month and additional 37 new cars expected to be de-registered in the near time.
Last month, the top three brands of new personal cars included Fiat (917 new cars registered), Toyota (425) and Volkswagen (345). BMW and Mercedes-Benz led the premium segment with 49 new cars of each brand registered in June.
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