Latvia Latvia - New motor vehicle registrations

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Vehicle registrations - Latvia. January of 2021

Drop in number of Latvians passenger car registrations

In January, vehicle registrations in Latvia fell by 26.92% with respect to January of 2020. In total, 1,265 cars were registered and 16,307 new cars were sold in the last twelve months, 18.37% less than the year before.

The breakdown of car sales figures for the month of January is:

  • Commercial vehicles sold: 276, 11.74% more than in January of 2020.
  • Passenger cars regitrations: 989, which represents a figure of 33.36% less than in January of 2020.

Latvia is the 85th-placed country in ranking of 137 countries based on number of vehicle registrations.

A very useful variable for estimating the level of economic wealth enjoyed by Latvians residents, when compared to the other countries in the ranking, is the number of vehicles sold or registered per thousand residents in the last year. With annual sales of 8.55 cars per 1,000 residents, 0.66 of them in the last month, Latvia, occupies 56th place in the ranking.

As can be seen, the number of registrations per thousand residents has fallen in the last year. A drop in registrations generally indicates a fall in consumer confidence and, when it is sustained, a recession in the real economy.

Changes in Latvian vehicle registration numbers are shown in the tables below. As several studies indicate, these changes are very much related to changes in GDP and, hence, to a country's economic situation. Sales have grown since 2011, as 8,138 were produced that year as have the number of registrations per thousand residents, which that year numbered 3.92.

Here we show you the progression of vehicle registrations in Latvia. You can see car registrations in other countries in en vehicle registrations and see all the economic information about Latvia in en Latvian economy.

Latvia - New motor vehicle registrations
DateCommercial vehicles MonthPassengers vehicles MonthMonthly vehicle salesMonthly Vehicles/ 1,000 p.Commercial vehicles YearPassengers vehicles YearAnnual vehicle salesAnnual Vehicles/ 1,000 p.
January 20212769891,2650.662,93813,36916,3078.55
December 20202231,1101,3330.702,90913,86416,7738.79
November 20203061,2341,5400.812,99414,01417,0088.92
October 20203401,1101,4500.762,98214,07617,0588.94
September 20202601,2291,4890.782,97014,53617,5069.18
August 20202601,1131,3730.723,063
July 20202501,4991,7490.923,06413,47716,2808.53
June 20201891,2721,4610.773,11413,60416,4578.63
May 20202077449510.503,32113,94417,0048.91
April 20201886838710.463,45214,96818,1599.52
March 20202011,0671,2680.663,56515,92919,23310.08
February 20202381,3191,5570.823,72016,48019,93910.45
< 2020 2022 >
Latvia - New motor vehicle registrations
Latvia - New motor vehicle registrations