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Latvia Autos Report 2016

Latvia Autos Report 2016

BMI View: We believe that the combination of a strengthening economy and greater demand for passengercars and SUVs will lead to further growth for the Latvian new vehicle sales market in 2016. We aretargeting over 10% growth for the sector as a whole, with passenger cars set to outperform commercialvehicles.

Passenger car sales have been outperforming those of commercial vehicles against a sluggish macroeconomicbackdrop in 2015.

We expect this relative outperformance of passenger cars over commercial vehicles to continue over 2016 and 2017,as the economy strengthens and customers continue to benefit from low auto financing rates.

German carmaker Volkswagen retains local market leadership at present, although it remains to be seen how its salesin Latvia will be affected by the emissions scandal which broke in September 2015.


BMI Industry View
Table: Key Views
SWOT
Industry Forecast
Table: Autos Total Market - Historical Data And Forecasts (Latvia 2013-2019)
Table: Latest Developments
Sales Set For Stronger Growth In 2016
Cheaper Used Imports Continue To Outsell New Vehicles
Electric Vehicles Remain A Niche Market
Latvia Retains Some Small Auto Production Capabilities
Passenger Cars
Table: Passenger Car Market - Historical Data And Forecasts (Latvia 2013-2019)
Table: Latest Developments
Table: Latvia - Top 10 Best-Selling Passenger Car Brands, 8M15
Commercial Vehicles
Table: Commercial Vehicle Market - Historical Data And Forecasts (Latvia 2013-2019)
Table: Latest Developments
Key Players
Table: Latvia, CV Sales 9M5
Industry Risk Reward Ratings
Europe - Risk/Reward Index
Russia Too Risky To Realise Potential
Developed States Show Signs Of Risk
Trouble Spots Marked By High Risk Position
Company Profile
Inchcape
Moller Auto Baltic
Regional Overview
Table: Emerging Europe - Autos Production Investment
Demographic Forecast
Table: Population Headline Indicators (Latvia 1990-2025)
Table: Key Population Ratios (Latvia 1990-2025)
Table: Urban/Rural Population & Life Expectancy (Latvia 1990-2025)
Table: Population By Age Group (Latvia 1990-2025)
Table: Population By Age Group % (Latvia 1990-2025)
Methodology
Industry Forecasts
Sector-Specific Methodology
Sources
Risk/Reward Index Methodology
Table: Automotive Risk/Reward Index Indicators And Weighting Of Indicators

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