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Latvia's Passenger Cars Sales (March 2020)

Language: English
Provider: Helgi Analytics
Pages: 16

Sales of new passenger cars in Latvia reached 1.38 thousand in March 2021, according to ACEA. This is 28.9%, or 0.308 thousand more than in the previous year. In the first three months of 2021, some 3.44 thousand cars were sold, down 11.1% yoy.

In the fourth quarter of 2020, sales of new electrically-chargeable passenger cars reached 0.104 thousand in Latvia, up 235% yoy. Together with hybrid and other alternative fuels, sale of alternative fuel vehicles reached 19.4% of all new cars sold.

Sales of traditionally-powered vehicles using petrol and diesel reached 2.94 thousand or 80.6% of total in the fourth quarter of 2020 in Latvia. The share of petrol reached 48.4% and of diesel-powered vehicles 32.2% of all new passenger cars sold.

In Europe, sales of new cars rose 62.7% to 1,388 thousand in March. Within the first three months of the year, the increase reached 0.849% as 3,081 thousand cars were sold.

Volkswagen Group sold the most cars in March 2021 in Europe, some 341 thousand vehicles representing 24.6% of the European market. Sales of PSA Group amounted to 212 thousand vehicles (or 15.3% of the market) while Renault Group and BMW Group held 7.80% and 7.50% of the market. Overall, the five largest manufacturers sold 62.3% of all new cars in March.

Automotive | Latvia | April 20, 2021