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 economy appears to have moderated in the final quarter of 2017, while still growing at a healthy pace. Year-on-year growth in retail sales accelerated for the second consecutive month in November, suggesting that private consumption continued to benefit from a tight labor market and rapidly growing wages. External demand also remained buoyant, with exports jumping from the previous year in both October and November. However, import growth decelerated considerably in both months. Further signs of a possible slowdown in the domestic economy came from the industrial sector.
Latvia vehicles market in 2017 has broken a series of 5 consecutive growing years. According to data released by Auto Asociacjia, the local Association of Car Manufacturers, total new Car Passengers sold have been 16.692 (-10.1% ) while light commercial vehicles sales have been 2.430 (+9.6%).
| Sales 2012 | Sales 2013 | Sales 2014 | Sales 2015 | Sales 2016 | Sales 2017 | Sales 2018 e | |
|---|---|---|---|---|---|---|---|
| Car | 12.901 | 12.811 | 14.988 | 16.104 | 18.563 | 16.692 | 16.892 |
| LCV | 2.237 | 2.175 | 2.815 | 2.348 | 2.217 | 2.430 | 2.225 |
| Total | 15.138 | 14.986 | 17.803 | 18.452 | 20.780 | 19.122 | 19.118 |
| 2012 Var | 2013 Var | 2014 Var | 2015 Var | 2016 Var | 2017 Var | 2018 var e | |
|---|---|---|---|---|---|---|---|
| Car | 21,2% | -0,7% | 17,0% | 7,4% | 15,3% | -10,1% | 1,2% |
| LCV | -2,8% | 29,4% | -16,6% | -5,6% | 9,6% | -8,4% | |
| Total | 42,2% | -1,0% | 18,8% | 3,6% | 12,6% | -8,0% | 0,0% |
Brand wise, the market leader in the car passenger’s was Volkswagen with 2.320 sales (-9.9%), followed by Toyota with 2.234 (+11.5%) and Nissan with 1.406 (-6.6%).
| Rank 2017 | Rank 2016 | Brand | Sales 2017 | Sales 2016 | Variation 2017 | Share 2017 | Share 2016 |
|---|---|---|---|---|---|---|---|
| 1 | 1 | Volkswagen | 2.320 | 2.576 | -9,9% | 13,9% | 13,9% |
| 2 | 2 | Toyota | 2.234 | 2.004 | 11,5% | 13,4% | 10,8% |
| 3 | 3 | Nissan | 1.406 | 1.505 | -6,6% | 8,4% | 8,1% |
| 4 | 4 | Skoda | 1.140 | 1.386 | -17,7% | 6,8% | 7,5% |
| 5 | 11 | Fiat | 900 | 637 | 41,3% | 5,4% | 3,4% |
| 6 | 8 | Renault | 840 | 986 | -14,8% | 5,0% | 5,3% |
| 7 | 5 | Ford | 744 | 1.287 | -42,2% | 4,5% | 6,9% |
| 7 | 7 | Peugeot | 744 | 988 | -24,7% | 4,5% | 5,3% |
| 8 | 6 | Opel | 696 | 1.100 | -36,7% | 4,2% | 5,9% |
| 9 | 12 | Hyundai | 576 | 575 | 0,2% | 3,5% | 3,1% |
| 10 | 9 | Kia | 552 | 774 | -28,7% | 3,3% | 4,2% |
| Rank 2017 | Rank 2016 | Sales 2017 | Sales 2016 | Variation 2017 | |
|---|---|---|---|---|---|
| 1 | 1 | Nissan Qashqai | 792 | 773 | 2,5% |
| 2 | 4 | Volkswagen Golf | 672 | 574 | 17,1% |
| 3 | 5 | Volkswagen Passat | 564 | 472 | 19,5% |
| 4 | 7 | Kia Sportage | 552 | 407 | 35,6% |
| 5 | 6 | Toyota RAV4 | 492 | 441 | 11,6% |
| 6 | 2 | Skoda Octavia | 480 | 587 | -18,2% |
| 7 | 8 | Volkswagen Tiguan | 444 | 381 | 16,5% |
| 8 | 9 | Citroen Berlingo | 343 | 379 | -9,5% |
| 9 | 10 | Toyota Auris | 341 | 360 | -5,3% |
| 10 | 19 | Kia Ceed | 327 | 272 | 20,2% |
