Latvia 2016. Sales up in double digit

76
Latvia Vehicles Market 2016
Skoda-Yeti

Latvia Vehicles Market 2016 gained ground in double digit, fueled by the robust increase performed in the first half of the year. Toyota was the leader despite the feeble growth.

Market Outlook

Latvia’s economy bounced back in the final quarter of 2016 after plummeting to a multi-year low in the previous quarter due in large part to EU funding delays. However, over 2016 as a whole growth has disappointed, with the slow absorption of EU funds buffeting the economy of one of the largest net beneficiaries of the EU budget. FocusEconomics analysts surveyed this month expect GDP to increase 2.8% in 2017.

Meantime, the automotive market in 2016 recorded a strong increase in double digit, posting the best performance since 2010. Pushed up by the robust performance in the first half of the year, the total vehicles sold had been 18.729, improving 16.2%.

According to data released by the Auto Asociacjia, the Association of Car Manufacturers in Latvia, in December the vehicles passengers had been 1.399, up 11.7%.

Competitive Arena

(Data reported here include LCVs)

Volkswagen confirmed the leadership with 2.576 units (+0.2%) ahead of Toyota and Nissan respectively up 9.0% and 0.7% at 2.004 and 1.505. The best performers of the year were Jaguar and Bentley, surging 185.7% and 112.5%, while among the sharpest increases were recorded by Opel, Mazda, Peugeot, Kia and Ford.

Alfa Romeo and Suzuki posted the worst performances, losing 51.7% and 36.7%, followed by BMW, Fiat and Land Rover.

The Nissan Qashqai was the best selling model with 773 sales (-10.7%) ahead of the Skoda Octavia with 587 (+33.7%) and the Skoda Yeti with 575 (+19.5).

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 DecRank 2016BRANDSales DecemberSales 2016 FYVariation DecemberVariation 2016 FYShare DecemberShare 2016
11Volkswagen2102.5761,4%0,2%14,3%13,9%
22Toyota1642.00410,8%9,0%11,2%10,8%
53Nissan1101.505-9,8%0,7%7,5%8,1%
34Skoda1381.38664,3%16,2%9,4%7,5%
45Ford1171.28736,0%39,6%8,0%6,9%
76Opel771.10060,4%87,7%5,2%5,9%
67Peugeot8098840,4%64,7%5,4%5,3%
88Renault62986-28,7%13,9%4,2%5,3%
99Kia607749,1%40,7%4,1%4,2%
910Citroen60756-10,4%32,9%4,1%4,1%
1911Fiat18637-78,3%-10,9%1,2%3,4%
1012Hyundai5557519,6%34,7%3,7%3,1%
1213BMW32425-5,9%-16,6%2,2%2,3%
1114Mercedes3841435,7%18,3%2,6%2,2%
1215Audi3238428,0%26,3%2,2%2,1%
1316Dacia3034650,0%6,5%2,0%1,9%
1617Lada21325-22,2%-2,7%1,4%1,8%
1418Subaru2429920,0%-2,9%1,6%1,6%
1719Volvo2025033,3%31,6%1,4%1,3%
1520Mitsubishi2224210,0%29,4%1,5%1,3%
2021Honda13227-48,0%-4,6%0,9%1,2%
1822Mazda1921135,7%75,8%1,3%1,1%
1623Lexus212015,0%19,6%1,4%1,1%
2124Land Rover1019011,1%-6,9%0,7%1,0%
2325Suzuki595-72,2%-36,7%0,3%0,5%
2226Jeep885-20,0%-34,1%0,5%0,5%
2327Porsche566-16,7%-2,9%0,3%0,4%
2328Mini5580,0%52,6%0,3%0,3%
2429Jaguar440300,0%185,7%0,3%0,2%
2430Seat435100,0%84,2%0,3%0,2%
2431Bentley434300,0%112,5%0,3%0,2%
Rank DecRank 2016GROUPSales DecemberSales 2016 FYVariation DecemberVariation 2016 FYShare DecemberShare 2016 FY
11Volkswagen3934.48120,9%7,4%26,8%24,1%
22Renault-Nissan2233.166-12,9%4,8%15,2%17,1%
33Toyota1852.20510,1%9,9%12,6%11,9%
44PSA1401.74412,9%49,2%9,5%9,4%
65Hyundai-Kia1151.34913,9%38,1%7,8%7,3%
56Ford1171.28736,0%39,6%8,0%6,9%
77General Motors771.10660,4%87,5%5,2%6,0%
108FCA27762-73,0%-18,0%1,8%4,1%
99BMW37484-5,1%-11,6%2,5%2,6%
810Mercedes Daimler3841435,7%18,3%2,6%2,2%
Rank DecRank 2016ModelSales DecemberSales 2016Variation DecemberVariation 2016
21Nissan Qashqai60773-16,9%-10,7%
22Skoda Octavia6058764,0%33,7%
13Skoda Yeti6257554,7%19,5%
34Volkswagen Golf4857429,4%29,0%
45Volkswagen Passat39472-19,0%-18,3%
56Toyota RAV4364419,1%11,4%
67Kia Sportage3440730,4%30,0%
227Opel Mokka1640720,0%154,4%
88Volkswagen Tiguan3238148,3%47,1%
109Citroen Berlingo2937934,9%46,9%
910Ford Focus303602,6%2,6%
1610Toyota Auris23360-14,3%11,8%
711Ford Fiesta33357308,2%268,0%
1312Toyota Avensis2633119,1%26,3%
1213Volkswagen Caddy27330-5,0%-3,2%
3014Fiat 5008328-75,5%-16,3%
1615Peugeot 30823322711,8%847,1%
1916Lada 4×419295-31,1%-10,9%
1717Nissan X-Trail22291131,6%155,3%
2318Renault Trafic15282-3,7%50,8%
2119Kia Cee’d1727241,7%88,9%
2220Toyota Corolla16220-21,3%-9,8%
1421Peugeot Partner2521498,7%41,7%
1522Hyundai i2024213234,9%147,7%
2123Dacia Duster1720820,0%22,4%
2024Renault Master181989,1%0,0%
1825Toyota Hilux2019438,7%12,1%
2126Opel Astra1719396,2%85,6%
2226Volkswagen Jetta16193-21,6%-21,2%
2127Toyota Yaris1718832,5%22,1%
2528Nissan Juke13169-29,4%-23,5%
1129Subaru Legacy28166
3430Fiat 500x4165220,0%1000,0%
2731Citroen C41115543,5%68,5%
2632Hyundai i301215117,1%22,8%
3033Peugeot 2008815017,1%82,9%
2634Volkswagen Polo1214832,1%35,8%
3035Nissan Pulsar8147-50,5%-24,2%
2636Audi Q51214492,0%92,0%
2437Hyundai ix35/Tucson1414171,4%43,9%
2638Ford C-max12133144,1%125,4%
3639Renault Scénic2128-80,3%4,9%
3239Opel Insignia612850,0%166,7%
2540Opel Corsa1312235,7%6,1%