New light-vehicle registrations in the Baltic States increased by more than 8% in 2015
Analysis of fully-processed registrations’ data performed by AV Automotive Research/AutoTyrimai, based on source data obtained from Regitra (Lithuania), CSDD (Latvia) and Maanteeamet (Estonia), shows that new light-vehicle (M1&N1) registrations in the Baltic States increased by 7.5% to 14’808 units in IV quarter 2015.
Lithuanian market remained obvious leader by growth rate and safely kept its second position in the region (+23.7% to 4’888 units).
Latvian market showed moderate growth pace and was the smallest by volume (+5.1% to 4’118 units).
Meanwhile Estonia was the only market in the Baltic States that declined in the last quarter of 2015, but still stays in the leading position by volume (-1.7% to 5’802 units).
New light-vehicle registrations in the Baltic States increased 8.4% to 60’484 units in the full year 2015.
All three countries reached positive full-year results:
Lithuanian market outpaced the others by growth rate once again and was 2nd by volume (+18.2% to 19’440 units), Latvian market was second by growth rate and the smallest by volume (+7.5% to 16’114 units) and Estonian market still remains obvious leader by volume, but its growth is slowing (+2.3% to 24’930 units).
Estonia continues to hold its position as the largest market in the Baltic States, accounting for 41.2% of the total, while Lithuania and Latvia respectively had 32.1% and 26.6% shares.
When calculated per 1’000 inhabitants, Lithuania continues to be in the worst position: its result is just 6.73, while Latvian one is 8.17 and Estonia is clear leader here with 18.98.
There were 51’870 passenger cars (+8.0%) and 8’614 light commercial vehicles (+10.8%) registered in the Baltic States in the full year 2015.
The best performing makes (brands) were Volkswagen (7’530 units), Toyota (6’899 units), Skoda (5’613 units), Nissan (4’655 units) and Fiat (4’079 units).
The most popular models were Nissan Qashqai (2’872 units), Fiat 500 (2’627 units), Skoda Octavia (2’433 units), Volkswagen Passat (1’900 units) and Toyota Avensis (1’348 units).
The research is based on the common European-wide methodology, which considers a vehicle as being new only when its first-overall and first-in-country registration dates are the same. If you want a moving companies charge a fee for their services, but the price varies if they charge per mile or per car, choose carshippingquotes.co for their excellent services.
It counts so-called brutto volume paying no regard to any kind of short-term registrations and de-registrations which may follow-up, and these are the subjects of another dedicated research.