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Tuesday 20.03.2018 | Name days: Made, Irbe

28% of Latvian population need more cars

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28% of the surveyed inhabitants of Latvia feel that they need another car to meet all their household needs, indicates the survey carried out by SEB banka and Mindscan.

On the other hand, 64% of the respondents are convinced that the number of cars in their possession is sufficient, while only 2% of the correspondents pointed out that it could be smaller; the Head of SEB banka Public Relations Department Agnese Strazda informed the business portal BNN.

As it is shown by the survey results, 57% of the Latvian population on a daily basis use one car, while 19% – two cars, but only 3% of the surveyed have three or more vehicles. Conversely, one-fifth of the respondents (21%) do not use cars in their everyday life. Consequently, the number of owned cars in one family and their usage to a large extent depends on the monthly household income. Among the respondents group, whose income is up to 350 lats a month, 38% indicated that they do not use car on a daily basis, while 57% use one car, but only 4% owns two cars. Whereas amongst the respondents from the group with income above 1200 lats, only 8% do not use car in their daily life, 39% have only one, while 46% of the respondents own two cars. Moreover, 10% of the correspondents from this group, pointed out that they use three cars on a daily basis.

«A car is not a luxury item, but a necessity. This is confirmed by 85% of the Latvian population. The latest SEB līzings data show that those who have recently bought a car on leasing, in more than half of cases, choose barely- used or second-hand cars, which allow to buy the vehicle at a lower price,» indicates the Member of SEB līzings Board Raivis Ruskulis.

The survey also confirms this tendency – 52% of the correspondents would purchase a car with age ranging from 3-10 years. While 4% of the population would choose a car that is older than 10 years, but 18% would acquire an automobile not older than 3 years. In contrast, 9% of the respondents prefer buying a new car.

Furthermore, 15% of the inhabitants would purchase a car on leasing if there is an urgent necessity, while 38% would concede the leasing option to get the coveted car, but 36% are convinced that they will not use leasing services when purchasing a car. Moreover, these survey participants indicated that they will obtain a vehicle that they can afford and will save up for the purpose of this purchase.

The majority of the survey participants (40%) on average spend 50 to 100 lats on the fuel per month, while 22% of the correspondents expend up to 50 lats; whereas for 17% the costs on fuel ranges from 100 to 150 lats. The relatively large number of surveyed (10%) does not know their average monthly spending on petrol. In addition, the poll indicates that men spend more on the fuel than women do. Accordingly 15% of women and 25% of men monthly spend up to 50 lats on average for petrol, while 38% of women and 44% of men monthly pay out from 50 to 100 lats for fuel. The costs on petrol from 100 to 150 lats are usual to 15% of women and 22% of men, but over 150 lats – 10% of women and 14% of men.

The survey was conducted in September 2010, and 785 economically active inhabitants of Latvia took part in it.

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