Lithuania’s new car market declined by 31% year-on-year to 1,900 units in October as Lithuania’s economy felt the impact of tighter credit conditions and lowered consumer confidence.
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Data issued from the Autotyrimai research company also showed that the market was showed that a total of 22,700 new cars were registered in Lithuania during the first ten months of this year, up 9% on the same period of last year.
In October year-on-year, the registration of new cars for personal use declined by 25% to 1,700 units and the number of cars for commercial use slumped by 65% to 134 units.
Toyota led the new car market last month, with 275 cars registered, followed by Volkswagen and Skoda.
