In general, not only in Latvia, but also in the Baltics, there is a stable increase in the used car segment, that is, turnover data show that in October the increase was 65%, and in November – 39%, compared to the data in these months last year.
“The growth of the used car segment has mainly been promoted by the desire of buyers to buy newer, slightly used cars. We see that in this car category, buyers trust dealers and certified car sellers more, where people can be sure of the car’s history, including mileage data, as well as receive a car warranty.
Also, buyers are still interested in cars that are equipped with a variety of additional equipment, providing comfort, additional safety on the road and support for the driver, as well as entertainment options, which are especially characteristic of the latest car models. This year, “Moller Auto” also significantly expanded the offer of used cars, that is, in addition to “Volkswagen” and “Audi”, cars of such brands as “Skoda” and “Volvo” are also available in larger quantities at the dealerships, says car business entrepreneur Izīda Gerkena.
She adds that the changes in the procedure for calculating the company’s light vehicle tax (UVTN) have also boosted the interest of buyers. As a result, business customers are increasingly interested in purchasing a plug-in hybrid. For example, these cars, despite their power, have to pay UVTN in the amount of only 25 euros per month. While, for example, if the car is equipped with an internal combustion engine, the power of which exceeds 200 KW, UVTN costs 140 euros per month.
In December, until now, the most bought used cars were “Volkswagen Passat”, “Škoda Kodiaq” and “Volkswagen Tiguan”, while in November and October, “Volkswagen Tiguan”, “Volkswagen Golf” and “Volkswagen Passat” were the most popular. Forecasting the demand in the second-hand car market in 2024, I. Gerkena points out that the segment will maintain stable growth, as buyers in Latvia are happy to choose used cars, valuing them equally high as new cars.
2023-12-29 12:53:00
#Tax #Latvia #increase #popularity #hybrids #VIDEO
