Skandi Motors
Skandi Motors is a Latvia-based authorized automobile dealer and service center representing Hyundai, Nissan, Škoda, and Mitsubishi through two showrooms in Riga and Liepāja, serving individual consumers and business fleet customers with new/used vehicle sales, servicing, financing, insurance, and EV solutions.
- Company typePrivate
- Founded2000
- HeadquartersRiga, Latvia
- Headcount51–100
- GTM typeB2B and B2C
- OfferingServices
What Skandi Motors does
Skandi Motors (SIA Skandi Motors) is a Latvia-incorporated private limited liability company operating as an authorized automobile dealer and service center. Founded around 2000–2001 and headquartered at Lielirbes iela 32 in Riga, the company represents four vehicle brands under franchise — Hyundai, Nissan, Škoda, and Mitsubishi — through two physical showrooms in Riga (including a new Škoda concept dealership opened in 2024 in the Pārdaugava district) and Liepāja. Vehicle base prices across the portfolio range from approximately €20,000 to €80,000.
The company's product portfolio spans new vehicle sales, certified pre-owned sales, full-service maintenance and repair (self-described as the largest service center in the Baltics), financing and operational leasing, vehicle insurance (KASKO), full-service rental, business fleet solutions, trade-in, and an online e-shop for parts and accessories. A dedicated electric vehicle offering leverages the Latvian state EKII subsidy program, supported by integrations with the country's four principal EV charging networks (Elektrum Drive, Ignitis ON, Virši, and CSDD). Supporting digital infrastructure includes an inventory warehouse system, customer portal, and multi-channel marketing across website, email, Facebook, Instagram, TikTok, and YouTube.
The business operates on a traditional franchised-dealer economic model: one-time unit sales of vehicles as the core revenue stream, supplemented by recurring service-revenue, insurance commissions, and financing/leasing margin. The customer base is bifurcated between individual consumers (primary segment) and enterprise fleet customers — named fleet logos include SIA GRIFS AG (60+ Hyundai vehicles), Omniva, King Coffee Service, and Realto (14 EVs). Scale metrics include 80,000+ cumulative customers served and 50,000+ cumulative cars sold over the company's history, with a current headcount of 51–100 employees. The company is independently owned with no disclosed parent, investor, or equity structure.
Skandi Motors firmographics
Firmographics- Name
- Skandi Motors
- Legal name
- SKANDI MOTORS (Sabiedrība ar ierobežotu atbildību)
- Website
- https://skandimotors.lv
- Company type
- Private
- Founded year
- 2000
- Operating status
- Operating
- Headcount range
- 51–100 employees
- Short description
- Skandi Motors is a Latvia-based authorized automobile dealer and service center representing Hyundai, Nissan, Škoda, and Mitsubishi through two showrooms in Riga and Liepāja, serving individual consumers and business fleet customers with new/used vehicle sales, servicing, financing, insurance, and EV solutions.
- Ownership category
- akta.pro rank
Where Skandi Motors is headquartered
LocationHeadquarters
- HQ city
- Riga
- HQ country
- Latvia
- HQ region
- Europe
Offices3 records
Markets served
Skandi Motors business model
Business model- GTM type
- B2B and B2C
- Offering type
- Services
- Cost components
- Supply Chain, Personnel, Operations, Marketing or Sales, Infrastructure
Revenue model
- Vehicle Sales: Sale of new and used vehicles from Hyundai, Nissan, Škoda, and Mitsubishi brands. The company operates as an official dealer for these manufacturers.
- Vehicle Service and Repair: Full-service maintenance and repair center offering bodywork, parts, technical maintenance, and warranty services for Hyundai, Nissan, Škoda, Mitsubishi, and other brands.
- Insurance Services: Vehicle insurance products offered to customers purchasing vehicles.
- Leasing and Financing: Financial products including full-service leasing, financial leasing, and financing solutions for vehicle purchases.
Pricing tiers
| Model | Billing | Price |
|---|---|---|
| Unit Pricing | Pay-as-you-go | Vehicle base prices range from approximately €20,000 to €80,000 depending on brand and model |
Go-to-market motion1 record
Distribution channels4 records
Marketing channels5 records
Skandi Motors product offering
Product offeringCore offering
SIA Skandi Motors is an authorized automotive dealership and service center in Latvia representing Hyundai, Nissan, Škoda, and Mitsubishi brands. The company sells new and used vehicles, provides manufacturer-aligned maintenance and repair services, and offers financing (leasing), insurance, full-service rental, and fleet management solutions to both individual consumers and business customers across two physical showrooms in Riga and Liepāja.
Product overview
Skandi Motors is an automobile dealership and service center operating in Latvia, representing Hyundai, Nissan, ŠKODA, and Mitsubishi brands. The company offers a comprehensive automotive ecosystem including new and used vehicle sales, electric vehicles with state support programs, full-service maintenance and repair, vehicle leasing and insurance, and fleet solutions for businesses. The product portfolio centers on the core sales operation (Jaunas automašīnas) supported by electric vehicle offerings (ELEKTROAUTO), used car sales (Mazlietotas automašīnas), and vehicle servicing (Automašīnu serviss). Ancillary services include leasing, insurance, full-service rental, business fleet management, test drives, and trade-in programs. The company also operates an e-shop for parts/accessories and a customer portal for account management. All services are delivered through two physical showrooms in Riga and Liepaja.
Differentiator
Problem solved
Functional benefit
Brands
- Škoda Auto Salons: A new concept Škoda showroom opened in Pārdaugava, Riga, described as the most modern Škoda concept showroom in the Baltics.
Products and services
- New Vehicle Sales (Jaunas automašīnas)
Quantifiable outcome
- 65-70% lower maintenance costs compared to equivalent gasoline or diesel vehicles for electric models
Companies that use Skandi Motors
Customer profileNamed customers4 records
Segments2 records
Ideal customer profiles2 records
Skandi Motors technology and API
TechnologyTechnology focussed No
API detail
- Has API
- No
- API docs
- API detail
Core technology
AI maturity
App detail
Integration10 records
Skandi Motors partnerships and signals
Strategic signalScale indicators4 records
Recent moves5 records
Expansion highlights5 records
Skandi Motors competitors and assessment
Company assessmentBroad incumbents
- ALD Automotive (Ayvens): Global full-service leasing and fleet management provider that competes with Skandi Motors' Pilna Servisa Noma (full-service rental) and corporate fleet offerings. Comparable in fleet services and operational leasing business line.
- AutoNation: Largest US automotive retailer with new and used vehicle sales, financing, and aftersales service across multiple brands. Comparable full-stack dealership and service-centre model to Skandi Motors, particularly in combining retail, finance, and service offerings.
- LeasePlan: Major European fleet leasing and management company that overlaps with Skandi's operational leasing and full-service rental offerings, particularly for corporate fleet customers in Latvia and the Baltics.
- Emil Frey Group: One of Europe's largest automotive retail and distribution groups with multi-brand authorised dealerships across multiple countries. Comparable business model to Skandi Motors at significantly greater scale, including fleet and aftersales operations.
- Cox Automotive: Global automotive services company offering dealer software, inventory management, and aftersales solutions. Adjacent comparator for Skandi's customer portal, warehouse inventory system, and e-shop parts operations.
- Inchcape plc: Global automotive distributor and retailer with multi-brand representation across many markets. Comparable to Skandi Motors as a multi-brand authorised dealer model, though at much larger scale and with broader geographic footprint including other European markets.
- Avis Budget Group: Global vehicle rental and fleet services company whose corporate rental and fleet management offerings overlap with Skandi Motors' full-service rental (Pilna Servisa Noma) and corporate fleet solutions for business customers.
- Lithia Motors: Large publicly-traded multi-brand automotive retailer with extensive new and used vehicle sales, finance, and service operations. Comparable end-to-end dealer model to Skandi Motors, including digital retail and fleet services, though operating at much greater scale.
Emerging players
- Holman Automotive: Family-owned automotive services group combining dealerships, fleet management, and parts distribution. Comparable combination of retail dealership and integrated fleet/leasing services similar to Skandi Motors' blended offering.
Direct peers
- Møller Baltic Import (Mõller Auto): Authorised Volkswagen Group dealer operating across the Baltic states, distributing Škoda (directly competing with Skandi Motors' Škoda franchise), VW, Audi, and SEAT. Most direct competitor in the Baltics for new-car sales and authorised servicing of shared brand families.
Market position
Strengths4 records
Weaknesses4 records
Competitive moat4 records
Key risks5 records
Key highlights7 records
Customer concentration
Skandi Motors social profiles
Digital presenceSkandi Motors compliance and trust
Trust signalCompliance2 records
Skandi Motors financial estimates
Financial estimateRevenue estimate
Valuation estimate
Skandi Motors leadership team
Management profileNumber of profiles
Profiles2 records
Skandi Motors funding detail
Funding detailFunding overview
Funding rounds
Investors
Funding detail is available on the Subscription and Enterprise plan.Contact sales →
Skandi Motors M&A and investment
M&A and investmentM&A
Investments
M&A and investment is available on the Subscription and Enterprise plan.Contact sales →
Frequently asked questions about Skandi Motors
What does Skandi Motors do?
SIA Skandi Motors is an authorized automotive dealership and service center in Latvia representing Hyundai, Nissan, Škoda, and Mitsubishi brands. The company sells new and used vehicles, provides manufacturer-aligned maintenance and repair services, and offers financing (leasing), insurance, full-service rental, and fleet management solutions to both individual consumers and business customers across two physical showrooms in Riga and Liepāja.
Is Skandi Motors a public or private company?
Skandi Motors is a private company. It is classified as unknown and is currently operating.
When was Skandi Motors founded?
Skandi Motors was founded in 2000. It employs 51 to 100 people.
Where is Skandi Motors based?
Skandi Motors is headquartered in Riga, Latvia, in the Europe region.
How does Skandi Motors make money?
Four revenue lines are on record. Vehicle Sales are the primary driver. The others are vehicle Service and Repair, insurance Services and leasing and Financing.
Who are Skandi Motors's main competitors?
Broad incumbents on record are ALD Automotive (Ayvens), AutoNation, LeasePlan, Emil Frey Group, Cox Automotive, Inchcape plc, Avis Budget Group and Lithia Motors. Holman Automotive is listed as an emerging player. Møller Baltic Import (Mõller Auto) is listed as a direct peer.
Does Skandi Motors have an API?
No public API is recorded for Skandi Motors.