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2014.04.28 11:24

Light vehicle registrations up 13 percent in Baltic States in 2014

DELFI|The Lithuania Tribune2014.04.28 11:24

A report by AV Automotive Research/AutoTyrimai shows that new light-vehicle registrations in the Baltic States grew by 12.9 percent to 12,822 units in the first quarter of this year.

 A report by AV Automotive Research/AutoTyrimai shows that new light-vehicle registrations in the Baltic States grew by 12.9 percent to 12,822 units in the first quarter of this year.

The company defines “light vehicles” as passenger cars and light commercial vehicles with gross vehicle weight of up to 3.5 tons. The report is based on data culled from Regitra (Lithuania), CSDD (Latvia), and Maanteeamet (Estonia).

The Estonian market retained an obvious lead over its Baltic neighbours with 5,522 new light vehicle registrations in 2014, but it also reported the slowest growth at 1.9 percent. Estonia accounted for 43.1 percent of the new auto vehicle market.

Lithuanian market retained its second position in the region with 30 percent of the regional market. New registrations swelled by 22.2 percent to 3,849 units.

The Latvian market remained the smallest with a 26.9 percent of the regional pie, but it was also the fastest-growing, with a jump of 23.9 percent in registrations to 3,451 units in the first quarter of 2014.

When the registration numbers are juxtaposed against population, Lithuania ranks last. For every 1,000 inhabitants of Lithuania, only 1.31 cars were registered in the first quarter of 2014., as compared to 1.72 in Latvia, and 4.21 in Estonia.

In the Baltic States as a whole, 10,951 passenger cars were registered (an increase of 11.7 percent) and 1,871 light commercial vehicles (an increase of 20.6 percent) registered in the first quarter of 2014. The best performing brands were Toyota (with 1,670 units sold), Volkswagen (1,495 units sold), Skoda (1,045 units), Renault (851 units), and Fiat (770 units). The most popular models were the Skoda Octavia (463 units), the Fiat 500 (421 units), the Toyota RAV4 (416 units), the Nissan Qashqai (370 units), and the Honda CR-V (318 units).

AutoTyrimai’s research is based on common European-wide methodology, which considers a vehicle new only when its first-overall and first-in-country registration dates are the same. The counts are “brutto volume,” meaning that they do not take short-term registrations and de-registrations into account.

Read the full report at:  http://www.balticautoresearch.com