Vehicle registrations - Latvia. December of 2007

Latvians sales of passenger car improve

In December, vehicle registrations in Latvia fell by 15.62% with respect to December of 2006. In total, 2,837 cars were registered and 39,690 new cars were sold in the last twelve months, 30.37% more than the year before.

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

  • Commercial vehicles sold: 547, 1.11% more than in December of 2006.
  • Passenger cars regitrations: 2,290, which represents a figure of 18.82% less than in December of 2006.

Latvia is the 68th-placed country in ranking of 133 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 18.11 cars per 1,000 residents, 1.29 of them in the last month, Latvia, occupies 39th 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.

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.
December 20075472,2902,8371.296,91932,77139,69018.11
November 20075142,6213,1351.426,91333,30240,21518.21
October 20076732,6873,3601.526,73933,40640,14518.17
September 20075982,2982,8961.316,59533,09339,68817.97
August 20076142,6993,3131.506,55732,92639,48317.87
July 20075762,8563,4321.556,39032,41938,80917.57
June 20075993,2263,8251.736,20631,57437,78017.10
May 20076623,3614,0231.826,02130,65736,67816.61
April 20074912,8383,3291.515,68229,71235,39416.02
March 20076062,7833,3891.535,62128,91134,53215.63
February 20075042,5113,0151.365,37727,97833,35515.10
January 20075352,6013,1361.425,11726,83231,94914.46
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Latvia - New motor vehicle registrations
Latvia - New motor vehicle registrations