The three Baltic States have lost 50% of their market volume since 2007
- The automobile market in the three Baltic countries (Estonia, Latvia, Lithuania), that we combine for historical reasons, is one of the smallest European markets.
- The entrance of these countries into the European Union,leading to the end of trade barriers and the provision of subsidies for infrastructure improvements have allowed the market to double in volume between 2004 and 2007 (from 40 000 units to 84,000 units).
- The 2008 financial crisis caused the market to collapse, reaching in 2009 a sales volume of 20,000 units. The market then rose back to early 2000 levels (40 000 units in 2012).
- The Baltic market has therefor returned to its natural level, located around 40 000 units. The entry into the European Union and the financial crisis have thus had only an accelerating effect on the market.
- In the first three months of 2013, however, this market is up by 4% (compared to the first three months of 2012), continuing in its 2010 progression.
- Per carmakers, the VW group is ahead of its competitors. Followed by Toyota, Renault-Nissan and the Hyundai-Kia groups.
Data source: File #55 - Registrations in the World by makes
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