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Lithuania May 2020: Fiat Tipo #1 in market down -51.5%

The Fiat Tipo is #1 in Lithuania in May but 99% are re-exported.

The Lithuanian new car market drops -51.5% year-on-year in May to 2.057 units, tilting the year-to-date tally into negative at -1.3% to 18.699. Fiat (-49.7%) remains by far the most “popular” brand in the country with a mammoth 37% share, however 757 of the 762 new cars the Italian brand registered in Lithuanian this month were immediately deregistered in order to be re-exported to other European Unions markets, and it was also the case for 27 of the 32 Jeeps registered in May. The true best-seller in the country is Toyota (-30.8%) at 17.5% share ahead of Skoda (-23.8%) at 10%, Volkswagen (-53.4%) at 7.6% and Peugeot at 3.6%. Model-wise, the Fiat Tipo leads the way at 21.5% share above the Fiat 500 at 12.6% with the Toyota Corolla and RAV4 in tow and the Fiat Panda making it to #6.

Previous month: Lithuania April 2020: Fiat 500 and Toyota RAV4 top market down -68.8%

One year ago: Lithuania May 2019: Fiat 500 back in charge in market up 48.6%

Full May 2020 Top 5 brands and Top 7 models below.

Lithuania May 2020 – brands:

PosModelMay-20%/19Apr2020%/19PosFY19
1Fiat76237.0%-49.7%16,01532.2%0.8%11
2Toyota36017.5%-30.8%21,8089.7%5.9%22
3Skoda20510.0%-23.8%57794.2%-36.2%45
4Volkswagen1577.6%-53.4%31,1085.9%-42.4%33
5Peugeot753.6%n/an/an/an/an/an/an/a
n/aJeep321.6%-86.9%46513.5%-52.3%54

Lithuania May 2020 – models:

PosModelMay-20%/19Apr2020%PosFY19
1Fiat Tipo44321.5%n/a31,4497.7%22
2Fiat 50026012.6%8.3%13,97621.3%11
3Toyota Corolla1246.0%10.7%54912.6%54
4Toyota RAV41025.0%-19.0%26423.4%35
5Skoda Octavia743.6%-11.9%63281.8%86
6Fiat Panda572.8%n/an/a3111.7%9n/a
7Toyota Land Cruiser562.7%n/an/an/an/an/an/a

Source: AutoTyrimai

This Post Has 4 Comments
    1. Hi Lauryan – the reason for strong re-exports is much lower selling prices for new cars in Lithuania (and Bulgaria also) compared to the rest of the European Union. This way these cars can be on-sold as 0km used at a higher prices in other countries where selling prices are much higher.

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