Lithuania 2014.Light Vehicle market rose 19%

Lithuania Light Vehicle

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.

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