Analytics, Car market, Estonia, Transport
International Internet Magazine. Baltic States news & analytics
Thursday, 28.03.2024, 22:29
Estonia's new car sales down 33.9% on year in June
Altogether 9,133 new cars were sold in the first six months
of this year, which is 34.5% less than in the same period of last year.
"The Estonian car market is slowly exiting the crisis.
The trend is positive; however, it is currently mainly caused by private
consumption," AMTEL manager Arno Sillat said.
Sillat said that businesses have thus far remained modest in
terms of expanding and renewing their vehicle fleets, which in his opinion is a
reasonable strategy considering various possible future scenarios.
He noted that when it comes to new cars, gasoline-engined
vehicles remained the most popular choice, leaving diesel-powered cars far
behind; however, the share of electric vehicles and hybrids has grown rapidly,
accounting for 14% of new car sales in June.
The sales of fully electric cars have also been boosted by a
subsidy by the state, Sillat added.
The AMTEL manager estimated that if the car market gets a
chance to recover and reasonable development scenarios are applied, the market
will bounce back to last year's levels in the fall, and the sale of utility
vehicles will likewise increase.
By segment, medium SUVs made up the best-selling segment
with a share of 29.2%. Smaller medium cars were in second place with 22.2%.
Hybrid cars sold during the month numbered 228, electric cars 25 and
CNG-powered cars 68.
Toyota emerged as the best-selling brand of car in Estonia
in June with 284 units sold. Skoda was in second place with 250 units and
KIA third with 150 units sold.
Among models, Toyota RAV4 topped the list with 134 units,
followed by Toyota Corolla with 78 units and Skoda Kodiaq and Octavia with 66
units each.
The decline caused by the coronavirus pandemic continued to
affect the utility vehicles market in June, causing a 59.1% drop compared with
June 2019. Results from the first half of 2020 show a y-o-y decline of 39.1%.
The best-selling manufacturers were Citroen with 58 utility
vehicles sold during June, followed by Renault and Peugeot with respectively 49
and 31 units. The truck segment was dominated by Scania.
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