The decline amounts to a couple of percentage points, and the data covers the period from January to May.
Data from the Latvian Automobile Association for the entire first half of the year show that the market has remained roughly at last year’s level. However, leasing service providers note that, in practice, there have been fewer financing applications, as described by Sergejs Romaņuks, head of auto leasing at Swedbank.
“One of the reasons may sound strange, but it’s the ...