Latvia Cars Sales slipped down in the 2017 after 5 consecutive growing years. The domestic demand was blocked by new regulation on the sector, established in order to reduce the grey market, flourished to avoid high local taxation.
Latvia Autos Market boomed in the first half of 2016, despite the adverse economic scenario. Volkswagen was again on top of the list. while the Opel Mokka posted an amazing performance jumping in second place.
Latvia Vehicles Industry in 2015 at the best out of last 6 years. Nissan boomed gaining the top place among models with the Qashqai. The Russian Lada penetrated the market with outstanding sales report.
2014 was the 5th growth in a series for the car market in Latvia again with a double digit increase. The market is a feud of Volkswagen Group with Skoda Yeti as best-selling model followed by Nissan Qasquai and VW Golf.
Latvia Car Market loses speed in September with the lowest year on year performance of the 2014. However, market is running towards the best year since the market collapse in 2009. Volkswagen Group leads with a large margin..
Latvia Vehicle Sales surged 16% in May 2014 posting the ninth year-on-year increasing month in a string and keeping on the recovery towards pre-crisis level. The current will be the fifth consecutive growing year.
Following the recovery posted in the period 2010-2012, the car market in Latvia is falling down again. In April the market had lost 8.6% from last year. Volkswagen is the market leader with a share above 20%, followed by Toyota and Peugeot.