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Tuesday 19.09.2017 | Name days: Verners, Muntis

Swedbank: Latvians want Audi, but more often buy Nissan

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Baltic news, News from Latvia, BNN.LV, BNN-NEWS.COM, BNN-NEWS.RU28% of Latvian residents plan to buy a car in the nearest year. 23% plan to buy a used car, as stated in Swedbank’s recent survey.

What is interesting is that one-fifth of residents wish to buy an Audi. 15% want a Volkswagen and 12% want an Opel. However, according to data compiled by Swedbank, BMW cars are most often bought in used state. Nissan remains in the lead in the new cars segment.

«Swedbank’s data shows that the private car lease market had grown 23% last year. A clear increase in demand has been noticed in the new cars segment – 30% growth. Even though we see that on average residents procure around 230 cars in leasing every year, it remains a small number in comparison with other EU member states. In Estonia, for example, this number is three times larger. Last year, the new cars segment continued its victory walk in the SUV segment. This trend is noticed in Estonia and Lithuania as well,» – says Kaspars Sausais, Swedbank leasing expert.

Residents aged under 30 most often prefer used cars. Residents aged above 30 are more interested in new cars.

When buying a new car, residents most often choose Nissan cars, followed by Volkswagen and Toyota. New cars are most often bought in leasing by residents aged 31 to 45 who live in Riga and have income from EUR 1,000 to EUR 1,500 per month.

In the used cars segment, residents most often choose cars that are around ten years old. Residents prefer BMW, Volvo and Volkswagen. Residents who buy used cars are most often aged 26 to 31 with income of EUR 1,300 a month.

As a comparison – Estonia’s new cars market is dominated by Škoda and Lithuania’s new cars market is dominated by Nissan. The used cars markets of Estonia and Lithuania are dominated by Volkswagen.

Ref: 103.109.109.7899


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