Moderate Growth Forecast For Latvia

October 2006 | BMI View

BMI's newly-released Latvia Automotives Report examines the sustained growth in the Latvian car market, which saw automotive sales grow by 42.8% to 19,639 units in 2005, according to statistics published by the Latvian Authorised Automotive Dealers Association (LAADA). The trend continued into the first half of 2006 when car sales rose 56% y-o-y to 11,346 units. BMI expects a firm GDP growth rate to lend support to future expansion in sales. The strong performance in the first half of 2006 has led to an upward revision in our sales growth forecast for 2006, 21.0% to 16.7% to 34.2%. However, we

If you would like to subscribe to Emerging Europe Automotives Insight and gain instant access to this article, please click here to subscribe.

If you would like to take a trial to Emerging Europe Automotives Insight please click on the trial link below.