Companies / Latvia
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Latvia Emerges As Europe's Fastest Growing Car Market
November 2006 | BMI ViewSorry, you must be a subscriber to view this article in full. If you are a subscriber please login.
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BMI's Latvia Automotives Report for Q406 examines the sustained growth in the Latvian car market, which saw sales grow 51.1% y-o-y to 19,422 units in the first eight months of 2006, confirming the country's status as the fastest growing car market in Europe. BMI expects a firm GDP growth rate to lend support to future expansion in sales. The performance seen in the first eight months of 2006 has led to an upward revision in our sales growth forecast for 2006, from 34.2% to 38.7% - growth rates in Q4 will be lower due to a higher base level. However,