Latvia Latvia - New motor vehicle registrations

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Vehicle registrations - Latvia. October of 2018

Latvians passenger car registrations rise

In October, vehicle registrations in Latvia fell by 5.03% with respect to October of 2017. In total, 1,736 cars were registered and 21,447 new cars were sold in the last twelve months, 5.31% more than the year before.

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

  • Commercial vehicles sold: 427, 2.89% more than in October of 2017.
  • Passenger cars regitrations: 1,309, which represents a figure of 7.36% less than in October of 2017.

Latvia is the 81th-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 11.09 cars per 1,000 residents, 0.9 of them in the last month, Latvia, occupies 55th 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 declined since 2008, as 27,530 were registered that year, as have the number of registrations per thousand residents, which that year numbered 12.56.

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.
October 20184271,3091,7360.904,40217,04521,44711.09
September 20183521,0781,4300.744,39017,14921,53911.13
August 20183551,6131,9681.024,37517,28221,65711.20
July 20182721,3971,6690.864,27317,13921,41211.07
June 20183841,7282,1121.094,27517,15021,42511.08
May 20183371,6922,0291.054,19917,01321,21210.97
April 20183411,4651,8060.934,18516,86221,04710.88
March 20183141,4021,7160.894,15116,81420,96510.84
February 20183051,2541,5590.814,16516,85921,02410.87
January 20183601,5291,8890.984,09316,78220,87510.79
December 20175131,3001,8130.944,00716,69820,70510.70
November 20174421,2781,7200.883,91216,54220,45410.49
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Latvia - New motor vehicle registrations
Latvia - New motor vehicle registrations