During the first five months compared to the same period last year, Latvian new car registrations h

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The new car market in 2007, sales results, which were sold around 36 000 new vehicles, with the current pace of economic development could be achieved only in 15 years, the business portal "Nozare.lv" says vice-president of the Association of Car Ingus routine.
During the first five months compared to the same period last year, Latvian new car registrations has grown by 21%. Five months of 5969 registered in the Latvian new passenger car and light commercial vehicle. Initial registration has increased both for new passenger cars and light commercial vehicles, the 5038 units or an increase of 23% and 931 units, or 15% more than in the first five months of 2013.
"Despite the relatively positive trend, the Court finds that the initial rise in registrations occurred in front of 2013, the first four-month low new car sales volumes and is level with last year's second half of the average monthly marketing. Much more accurate than the forecasts will be judged, not earlier than autumn at the beginning, but it is clear that the growth rate will decline, "said the boxes.
Predicting factors that could contribute to the auto industry in the rest of the half, Car Association vice president, said that later this year the industry little affected off broadway shoes by the fact that Latvia will be in 2015 the presidency of the European Union (EU) Council.
"It is expected that this event will require an additional fleet of service delegation. Overall, however, expected off broadway shoes that the auto market will remain at current levels with a few percent growth in the second half, while the total annual off broadway shoes growth will be 6-7%, or slightly higher," predicted routine.
Asked whether there is a realistic off broadway shoes yet ever reach 2007 new car sales results, which were sold around 36 000 new vehicles, the expert pointed out that any answer to this question will be speculation.
"On the one hand, in 2007 the amount was negligible compared to the EU average new car sales figures. On the other hand, we see that the rate of recovery after the severe contraction during the crisis is very, very slow. Purely arithmetically calculated by applying a conservative, However, a realistic increase of 8% on average each year, 36 000 new first-time car registration off broadway shoes has reached 15 years. however, must take into account a large number off broadway shoes of unknown factors, a lot of uncertainty in the model can affect both the positive and negative direction. The missing state policy in this area is one of the most important components to be able to fully predict the development of the industry, "added the boxes.
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