Five months of this year show a positive trend in the leasing market in all three Baltic countries, “Citadel Leasing” dati.
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Compared to 2020, there is an increase in the volume of car sales and, consequently, in the issuance of financing, which is also observed in other leasing segments.
Citadele Leasing’s new leasing business in the Baltics in the first five months of 2021 compared to 2020 has grown by 20%, showing growth in all segments.
In the first five months of this year, there has also been a sharp increase in the purchase of electric cars for leasing – the volume of new transactions in electric car financing in the Baltics has increased by 130% compared to electric cars financed in 2020 as a whole.
“As the data of May 2021 show, the Estonian car market is recovering faster than in Latvia. However, it must be said that this trend is unlikely to continue in June due to supply problems, resulting in very low car stocks in the Baltics and affecting new car orders. and their waiting time, “says Ģirts Gāzers, Chairman of the Board of Citadele Leasing.
In May, the new car market in Latvia increased by 79% compared to 1,634 cars registered in 2020, compared to 913 in the same period last year, while sales of new passenger cars increased by 84% (1,377 units) in May compared to 744 cars registered in May last year. (Auto Association data).
In Estonia, new car sales in the first five months of this year have grown by 37% compared to 2020. In May, sales of new cars showed a record increase of 108% with 2,206 units registered, compared to May 2020, when 1,060 vehicles were registered.
About 25% of all new cars registered in Estonia in May this year are hybrid cars (575 units), 26 electric cars and 25 cars with natural gas.
In contrast, in Lithuania, according to car dealers’ data available as of May 31, the first four months of this year saw a slight decline in new car sales – 12,616 new cars were registered, compared to 13,353 sold in four months last year. .
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