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Friday 21.09.2018 | Name days: Matīss, Modris, Mariss
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Expert: new car sales to grow slowly in Latvia

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Baltic news, News from Latvia, BNN-NEWS.COM, BNN-NEWS.RU, Latvian Authorized Automobile Dealers Association President and SIA Inchcape head in Latvia Andris Kulbergs

Andris Kulbergs

New car sales will grow slowly and gradually in Latvia during the following five years, according to Latvian Authorized Automobile Dealers Association President and SIA Inchcape head in Latvia Andris Kulbergs.

He forecasts, new car sales in Latvia will surge 33% this year, compared to 2010, reaching 6 420 units. Similalry, he also claims sales will grow 14% in 2012 (7 300 units), 8% in 2013 (7 920 units), 30% in 2014 (10 300 units) and 30% in 2015 (13 400 units). True, these indicators fall below the ones in 2007 significantly, when 35 967 cars were sold (3 300 units monthly).

Kulbergs points out there were 80.2% second-hand and 19.8% new cars registered in Latvia, with 23.9% new cars and 76.1% second-hand ones in 2009. The average age of the cars registered in Latvia amounts to 13.56 years.

The expert adds the number of cars in Lithuania dropped 29.6% in 2010, compared to 2009, explained by people not being able to maintain their cars any more, thus giving them up.

Upon registering a vehicle, a car owner in Latvia paid on average 354 lats in taxes, in Estonia – 126 lats, but in Lithuania only 14 lats. Three-year car maintenance costs of a single car amounted to 553 lats in Latvia, 161 lats in Estonia and 40 lats in Lithuania, Kulbergs says.

On commenting upon the prospects of the sector, Kulbergs indicates Latvian drivers will opt for smaller cars in future. Similarly, more environment friendly cars will enter the market with a smaller engine but with the same power, the expert says, adding that regarding «green cars», such vehicles are very expensive and their popularity depends on the support from the part of the state and infrastructure.

 


Leave a reply

  1. Conrad says:

    For lower taxes buy the car in Estonia or Lithuania

  2. Ruth.lt says:

    Who can afford newest cars nowadays.. this market is small

  3. Gloriana says:

    Good points all arunod. Truly appreciated.

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