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NCG IMPORT BALTICS OÜ's activity report 2022

NCG Import Baltics OÜ began operations in April 2017. The company's main activity is the import, representation, and wholesale of new Honda cars, motorcycles, boat engines, garden equipment, industrial equipment, and Honda spare parts in Estonia, Latvia, and Lithuania (Baltics). In 2022, the sale of new vehicles throughout Europe continues to be unstable and has fallen since the last peak in 2019. The number of car registrations also showed a declining trend. The main reasons can be attributed to the shortage of semiconductors and the Russia-Ukraine conflict. High demand and poor availability

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