Key Market Indicators
Latvian Vehicle Registration is projected to hit approximately 21,000 units by 2028, rising from around 20,000 units in 2023, marking an annual growth rate of 0.7%. Since 2010, the Latvian vehicle market has seen a yearly increase of 0.9%. In the global ranking for 2023, Latvia held the 82nd position, with the Dominican Republic slightly ahead at the same level of 20,000 units. Leading the global rankings, Canada, China, and Austria secured the second, third, and fourth positions, respectively.
