Moldova drives forward: New car sales jump 27%
Moldova's love affair with cars reached new heights in 2023, with new car registrations witnessing a robust 27% jump to 46,032 units, as reported by the State Agency for Public Services (ASP).
"This marks a significant increase compared to 2022's 31,391 registrations," noted ASP, highlighting the growing momentum in the country's auto market.
Fueling the surge is a preference for fresh wheels, with nearly 26% of registrations representing cars less than four years old. The year 2023 itself saw 5,917 new car births, followed by 2,796 in 2022 and 1,202 in 2021.
But what's topping Moldovan wishlists? When it comes to new rides, it's all about conquering the terrain. SUVs reign supreme, with models like the Kia Sportage and Dacia Duster leading the pack. Toyota RAV4 and Skoda Kodiaq also make frequent appearances in driveways across the country.
"Moldovans have shown a particular fondness for SUVs among new car choices," confirmed ASP, echoing reports of consumers gravitating towards the spaciousness and versatility offered by these rugged vehicles.
Several factors are credited for this upward trend in new car sales:
- Economic recovery: Moldova's burgeoning economy is putting more cash in citizens' pockets, translating into increased spending on automobiles.
- Financing options: Accessible loans and financing schemes are making car ownership a more realistic dream for many Moldovans.
- SUV appeal: The practicality and comfort of SUVs, perfect for navigating Moldova's diverse terrain, have contributed to their dominance in the market.
With these trends in play, Moldova's car market seems poised for continued growth in the coming years. Whether it's the economic breeze or the allure of conquering any road, buckle up – Moldova's automotive journey is just getting started.
Translation by Iurie Tataru
