All three countries are on the path of growth, but Lithuania and Latvia were advancing almost twice as fast as Estonia.
Lithuania narrowly lost its position of the fastest-growing market to Latvia, but remains second by volume: Lithuanian registrations increased by 15.4% to 5’616 units. Latvian market grew by 15.5%, but it stays the smallest by volume (4’537 units). Estonian market is the most mature one: it achieved the smallest growth (+8.0%), but was the obvious leader by volume (6’892 units). Estonia strengthened its position as the largest market in the Baltic States, accounting for 40.4% of the total.
Lithuanian share was 32.9% and Latvia had 26.6% share of the total market. When calculated per 1’000 inhabitants, Lithuania still remains in the worst position: its result is just 1.96, while Latvian one is 2.32 and Estonia is clear leader here with 5.24. There were 14’607 passenger cars (+11.8%) and 2’438 light commercial vehicles (+15.8%) registered in the Baltic States in III quarter 2016. The best performing makes (brands) were Toyota (2’293 units), Volkswagen (1’854 units), Skoda (1’566 units), Fiat (1’127 units) and Renault (1’081 units). The most popular models were Fiat 500 (699 units), Skoda Octavia (680 units), Toyota Auris (489 units), Toyota New light-vehicle registrations in the Baltic States grew by 16.5% to 53’228 units during 9 months of 2016.
All three countries reached two-digit growth: the largest increase was in Lithuania (+22.2% to 17’789 units), Latvian market stayed second by growth and the last by volume (+18.8% to 14’256 units) and Estonian market was leader by volume (+10.7% to 21’183 units).
The research is based on the common European-wide methodology, which considers a vehicle as being new only when its first-overall and first-in-country registration dates are the same. It counts so-called brutto volume paying no regard to any kind of short-term registrations and de-registrations which may follow-up, and these are the subjects of another dedicated research.
