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Latvia Autos Report 2016

  • December 2015
  • -
  • Business Monitor International
  • -
  • 33 pages

Includes 3 FREE quarterly updates

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.

Table Of Contents

Latvia Autos Report 2016
BMI Industry View 7
Table: Key Views 7
SWOT 8
Industry Forecast 9
Table: Autos Total Market - Historical Data And Forecasts (Latvia 2013-2019) 9
Table: Latest Developments 9
Sales Set For Stronger Growth In 2016 9
Cheaper Used Imports Continue To Outsell New Vehicles 10
Electric Vehicles Remain A Niche Market 11
Latvia Retains Some Small Auto Production Capabilities 11
Passenger Cars 12
Table: Passenger Car Market - Historical Data And Forecasts (Latvia 2013-2019) 12
Table: Latest Developments 12
Table: Latvia - Top 10 Best-Selling Passenger Car Brands, 8M15 12
Commercial Vehicles 13
Table: Commercial Vehicle Market - Historical Data And Forecasts (Latvia 2013-2019) 13
Table: Latest Developments 13
Key Players 14
Table: Latvia, CV Sales 9M5 15
Industry Risk Reward Ratings 16
Europe - Risk/Reward Index 16
Russia Too Risky To Realise Potential 16
Developed States Show Signs Of Risk 17
Trouble Spots Marked By High Risk Position 17
Company Profile 18
Inchcape 18
Moller Auto Baltic 20
Regional Overview 22
Table: Emerging Europe - Autos Production Investment 22
Demographic Forecast 25
Table: Population Headline Indicators (Latvia 1990-2025) 26
Table: Key Population Ratios (Latvia 1990-2025) 26
Table: Urban/Rural Population and Life Expectancy (Latvia 1990-2025) 27
Table: Population By Age Group (Latvia 1990-2025) 27
Table: Population By Age Group % (Latvia 1990-2025) 28
Methodology 30
Industry Forecasts 30
Sector-Specific Methodology 31
Sources 31
Risk/Reward Index Methodology 32
Table: Automotive Risk/Reward Index Indicators And Weighting Of Indicators 33

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