The car market experienced a 7.6% decline in September compared to August 2020 (1321 units against 1429), the association reports “Car Association“.
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Car sales are currently experiencing the largest periods of deficit since the collapse of the USSR, when demand significantly exceeds supply, car dealerships are empty and both warehouse additions and cars ordered by customers are delayed, the association points out.
The car deficit has hit market leaders the hardest. Although they maintain their positions, their market share has decreased significantly. Still the market leader is “Toyota“, whose market share has fallen from 20.36% in 2020 to 13.6% in 2021. The same fate has befallen followers. VW and”Damage“market share has fallen from 11.12% to 7.95% and 14.25% to 7.65% respectively by 2020. This is largely due to the fact that market share is currently determined by the availability of cars in warehouses, which for many is quite limited, not to say none, explains the association.
The internal combustion car deficit has significantly improved the share of electric cars in the overall statistics. In September, 45 new electric cars were registered, which makes up 3.8% of all new passenger cars sold in September. A particularly interesting picture is in the “premium” segment, where electric cars make up as much as 23.9% of the segment. In this respect, we are approaching the Nordic level. Overall, the market for new electric cars has grown by 30.3% compared to the previous year (301 vs. 231).
The light commercial vehicle segment has also experienced a sharp decline. It decreased by 10.1% compared to September 2020 (1101 against 1225). The heavy commercial vehicle segment, on the other hand, continues to grow – 148% compared to September 2020 and 165% against the same period in the year as a whole. Bus deliveries to regional carriers are also gradually coming to an end. Only 4 buses were delivered in September, which is still a 33% increase compared to September last year.
The deficit in the new car segment provides an increase in the used car segment, with 5454 units imported in September, which is 19% more than in September 2020 (4570).
The second-hand electric car market continues to make a big breakthrough with 67 units, which together account for a significant 1.2% of total used car imports. This segment is consistently dominated by BMWi3 electric cars, which account for 50% of all imported electric cars.
“Currently, the market is distorted due to interrupted supplies. A deficit has arisen, so the main aspect of competition has become the availability of cars. At the same time, this is an opportunity to promote the entry of electric cars into the market,” said the president of the Auto Association. Andris Kulbergs.
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