As of 2021, there were approximately 759,000 passenger cars registered in Latvia.
This figure represents the total stock of passenger cars within the country, indicating a significant presence of vehicles in daily life. The number recorded in 2021 also marked a new high, surpassing a previous peak value observed in 2005.
Trends in Latvian Car Ownership
The increase in registered passenger cars reflects evolving trends in transportation and personal mobility within Latvia. The surpassing of the 2005 peak indicates a period of growth in vehicle ownership, potentially influenced by:
- Economic Development: Improved economic conditions and higher disposable incomes often lead to increased car purchases.
- Infrastructure Improvements: Better road networks and accessibility can encourage car usage.
- Urbanization and Commuting: Changes in living patterns and commuting distances may necessitate personal vehicles.
Understanding the stock of passenger cars provides insight into the country's transportation landscape and the demand for automotive services.
Here's a brief overview of the recent car stock data:
| Year | Passenger Car Stock (Units) | Notes |
|---|---|---|
| 2005 | Value surpassed by 2021 | Previous peak value |
| 2021 | 759,000 | New peak for passenger cars |
This data specifically refers to passenger cars and does not typically include commercial vehicles, buses, or motorcycles, which fall under separate registration categories.
For more detailed statistics on vehicle registration in Latvia, you can refer to official statistical sources. Statista provides historical data on registered passenger cars in Latvia.
