Lithuania 2014.Light Vehicle market rose 19%

Lithuania Light Vehicle Fiat-500S_2013

Lithuania Light Vehicle market rose 19% in 2014 with Fiat leader, thanks to the boom of 500 sales. The traditional leader, Volkswagen, was only second. The 2015 outlook is positive again.

Country Outlook

Lithuania’s economy cooled down markedly in Q1 and recorded the slowest expansion in more than two years, according to a preliminary estimate.

Even though detailed data on GDP components have not been released yet, the moderation likely reflects that geopolitical tensions and economic struggles in Russia—Lithuania’s main exports destination outside the European Union—dragged on Lithuania’s external sector and investor confidence.

Conversely, industrial production expanded at the fasted pace in almost two years in March. However, this strong expansion largely reflected a base-effect.

Market Outlook

Albeit member of European Community and one the most advanced country as user of technology, the release of sales on vehicle is syndicated without a comprehensive reason. However, waiting for a while compared with others EU counties, we finally accessed at full year 2014 sales data.

Car Passengers sold had been 14.503, up 19.3% from the previous year while the Light Commercial Vehicle sold had been 2.210, +21.2%

Competitive Arena

Booming sales 81.9%, Fiat jumped on top of the list, gaining three spots from the previous year with record sales at 2.105 and market share at 14.5%.  The Fiat 500 was the best-selling car in Lithuania. So, the traditional leader Volkswagen had to accept the second place with 2.060 units (+1.2% from 2013) and 14.2% of share.

Third was Toyota with 1.524 sales (+18.1%) followed by Skoda with 1.475 (+23.7%) and Nissan with 1.145 (+48.3%).

Below, you can sort our interactive tables to see data regarding Brands, Groups and Models. Please bear in mind that sales data are subject to adjustments as sources will update their information. This report is updated at the publishing date and will not be modified while the next on this subject will report year to date data updated.

Rank 2014 Rank 2013 Brand Sales 2014 Sales 2013 F.Y. 2014 Y.o.Y. Var. Share 2014 Share 2013
1 4 Fiat 2.105 1.159 81,6% 14,5% 9,5%
2 1 Volkswagen 2.060 2.035 1,2% 14,2% 16,6%
3 2 Toyota 1.524 1.290 18,1% 10,5% 10,5%
4 3 Skoda 1.475 1.193 23,7% 10,2% 9,8%
5 5 Nissan 1.145 772 48,3% 7,9% 6,3%
6 6 Kia 581 614 -5,4% 4,0% 5,0%
7 9 Ford 576 433 33,0% 4,0% 3,5%
8 7 BMW 542 527 2,8% 3,7% 4,3%
9 10 Renault 469 416 12,7% 3,2% 3,4%
10 14 Opel 460 297 54,8% 3,2% 2,4%
11 8 Hyundai 393 463 -15,2% 2,7% 3,8%
12 12 Dacia 319 328 -2,7% 2,2% 2,7%
13 11 Audi 307 344 -10,7% 2,1% 2,8%
14 19 Mazda 280 139 101,2% 1,9% 1,1%
15 18 Peugeot 263 165 59,2% 1,8% 1,3%
16 16 Mercedes 249 212 17,6% 1,7% 1,7%
17 15 Subaru 234 295 -20,8% 1,6% 2,4%
18 20 Citroen 211 137 54,1% 1,5% 1,1%
19 13 Honda 206 306 -32,7% 1,4% 2,5%
20 19 Suzuki 180 139 29,6% 1,2% 1,1%

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Laos Automotive Report 2010-2025

Laos Automotive Report 2010-2025 features historical data and insights plus professional forecast on new vehicles sales by type, manufacturer, brand and model providing an easy-to-use picture of current and future competitive landscape.