Published updated list of confiscated assets on 11 April, 2019

On 11 April, 2019 State Tax Inspectorate published an updated list of confiscated assets. This time it contains 9905 items which cost 871 099 € in total. 9738 items were already announced in previous lists and 167 confiscated assets were added for the first time. 122 assets were removed from the list and their total cost was 56 698 €. The latest list contains 305 passenger cars and their total cost is around 171 928 € or 564 € in average for each confiscated passenger car. Top 3 confiscated passenger car manufacturers are vw (203), audi (23) and ford (8).

Major sellers of mentioned confiscated passenger cars are UAB Vilmarlita (225), UAB Automera (29), UAB Sauda (28). UAB Vilmarlita has received the largest amount of newly published confiscated assets which total value is 41 418 €. Slightly less valued asset chunks were transferred for realization to UAB Sauda (31 938 € in total) and UAB Automera (21 424 € in total). This time the leader in terms of sold or written-off assets value is UAB Vilmarlita - its balance went down by 15 839 €. The followers by the same aspect are UAB Sauda and UAB Automera - they have managed to sell or write-off assets for total value of 5 700 € and 16 377 € accordingly.

Published updated list of confiscated assets on 26 March, 2019

On 26 March, 2019 State Tax Inspectorate published an updated list of confiscated assets. This time it contains 9860 items which cost 835 257 € in total. 9720 items were already announced in previous lists and 140 confiscated assets were added for the first time. 163 assets were removed from the list and their total cost was 62 164 €. The latest list contains 246 passenger cars and their total cost is around 146 660 € or 596 € in average for each confiscated passenger car. Top 3 confiscated passenger car manufacturers are peugeot (128), vw (24) and opel (21).

Major sellers of mentioned confiscated passenger cars are UAB Vilmarlita (161), UAB Sauda (35), UAB Automera (31). UAB Vilmarlita has received the largest amount of newly published confiscated assets which total value is 25 653 €. Slightly less valued asset chunks were transferred for realization to UAB Sauda (31 140 € in total) and UAB Automera (35 312 € in total). This time the leader in terms of sold or written-off assets value is UAB Vilmarlita - its balance went down by 18 403 €. The followers by the same aspect are UAB Sauda and UAB Automera - they have managed to sell or write-off assets for total value of 19 190 € and 14 865 € accordingly.

Published updated list of confiscated assets on 12 March, 2019

On 12 March, 2019 State Tax Inspectorate published an updated list of confiscated assets. This time it contains 9883 items which cost 803 231 € in total. 9729 items were already announced in previous lists and 154 confiscated assets were added for the first time. 120 assets were removed from the list and their total cost was 64 576 €. The latest list contains 202 passenger cars and their total cost is around 104 741 € or 519 € in average for each confiscated passenger car. Top 3 confiscated passenger car manufacturers are OPEL (118), VW (20) and AUDI (15).

Major sellers of mentioned confiscated passenger cars are UAB Vilmarlita (138), UAB Automera (27), UAB Sauda (26). UAB Vilmarlita has received the largest amount of newly published confiscated assets which total value is 18 267 €. Slightly less valued asset chunks were transferred for realization to UAB Sauda (40 100 € in total) and UAB Automera (15 658 € in total). This time the leader in terms of sold or written-off assets value is UAB Vilmarlita - its balance went down by 28 848 €. The followers by the same aspect are UAB Sauda and UAB Automera - they have managed to sell or write-off assets for total value of 3 215 € and 27 157 € accordingly.

Published updated list of confiscated assets on 25 February, 2019

On 25 February, 2019 State Tax Inspectorate published an updated list of confiscated assets. This time it contains 9849 items which cost 801 527 € in total. 9673 items were already announced in previous lists and 176 confiscated assets were added for the first time. 181 assets were removed from the list and their total cost was 59 639 €. The latest list contains 207 passenger cars and their total cost is around 125 761 € or 608 € in average for each confiscated passenger car. Top 3 confiscated passenger car manufacturers are mazda (104), vw (28) and audi (19).

Major sellers of mentioned confiscated passenger cars are UAB Vilmarlita (119), UAB Automera (46), UAB Sauda (30). UAB Vilmarlita has received the largest amount of newly published confiscated assets which total value is 45 773 €. Slightly less valued asset chunks were transferred for realization to UAB Sauda (42 113 € in total) and UAB Automera (32 784 € in total). This time the leader in terms of sold or written-off assets value is UAB Vilmarlita - its balance went down by 21 355 €. The followers by the same aspect are UAB Sauda and UAB Automera - they have managed to sell or write-off assets for total value of 7 046 € and 20 434 € accordingly.

Published updated list of confiscated assets on 11 February, 2019

On 11 February, 2019 State Tax Inspectorate published an updated list of confiscated assets. This time it contains 9854 items which cost 675 728 € in total. 9660 items were already announced in previous lists and 194 confiscated assets were added for the first time. 204 assets were removed from the list and their total cost was 72 972 €. The latest list contains 419 passenger cars and their total cost is around 278 113 € or 663 € in average for each confiscated passenger car. Top 3 confiscated passenger car manufacturers are AUDI (70), VW (54) and OPEL (40). The most expensive car in the list is NISSAN ROGUE, which costs 5 022 €. The cheapest one is - LEXUS RX400h, which costs 48 € only.

Major sellers of mentioned confiscated passenger cars are UAB Automera (125), UAB Argimetas (115), UAB Vilmarlita (84).

Concerns regarding valuation of confiscated cars

According to the State Tax Inspectorate (STI), in 2018, nearly 3000 confiscated vehicles were sold. A year earlier - about 2500 units. However, companies responsible for the sale of confiscated cars say this year's trade has almost stopped, although they do not provide more accurate figures. Obviously, one cannot do any accurate conclusions based on just one month's data, but taking into account the reasons given in the article, it might already be assumed the sales level of 2018 is unlikely to be achieved.

The STI assumes that this may be a consequence of its tightened car valuation rules. These measures had to be taken because it was suspected that some of the companies responsible for the sale of confiscated cars misused their position and opportunities and set lower prices. It is stated in the rules that the market value of assets is used as a basis for assessing the value of the vehicle and STI might receive help from asset valuation specialists when needed. However, there are opinions that some cars are highly overestimated. There are specialized databases containing approximate values for certain cars, but those are average, statistical values ​​that do not necessarily accurately reflect the price of a particular confiscated car because it may be affected by its status, history and numerous individual features - for example, better rims or newer tires. Obviously, to assess each car individually for the STI would require too much effort and expense that would not necessarily pay off after the sale of the property. After all, statistically the average price of a confiscated vehicle is 500-800 €.

Journalists of LRT TV show "Keliai. Mašinos. Žmonės." have decided to inquire what cars are being sold at confiscated car outlets and whether their price is in line with reality. Read more...

Published updated list of confiscated assets on 25 January, 2019

On 25 January, 2019 State Tax Inspectorate published an updated list of confiscated assets. This time it contains 9864 items which cost 649 215 € in total. 9670 items were already announced in previous lists and 194 confiscated assets were added for the first time. 92 assets were removed from the list and their total cost was 38 777 €. The latest list contains 470 passenger cars and their total cost is around 323 280 € or 688 € in average for each confiscated passenger car. Top 3 confiscated passenger car manufacturers are AUDI (84), VW (61) and OPEL (44). The most expensive car in the list is NISSAN ROGUE, which costs 5 022 €. The cheapest one is - LEXUS RX400h, which costs 48 € only.

Major sellers of mentioned confiscated passenger cars are UAB Automera (131), UAB Argimetas (120), UAB Vilmarlita (115).

Published updated list of confiscated assets on 10 January, 2019

On 10 January, 2019 State Tax Inspectorate published an updated list of confiscated assets. This time it contains 9762 items which cost 603 909 € in total. 9666 items were already announced in previous lists and 96 confiscated assets were added for the first time. 210 assets were removed from the list and their total cost was 31 829 €. The latest list contains 522 passenger cars and their total cost is around 353 753 € or 677 € in average for each confiscated passenger car. Top 3 confiscated passenger car manufacturers are AUDI (89), VW (69) and OPEL (54). The most expensive car in the list is NISSAN ROGUE, which costs 5 022 €. The cheapest one is - LEXUS RX400h, which costs 48 € only.

Major sellers of mentioned confiscated passenger cars are UAB Automera (149), UAB Vilmarlita (145), UAB Argimetas (120).

Published updated list of confiscated assets on 21 December, 2018

On 21 December, 2018 State Tax Inspectorate published an updated list of confiscated assets. This time it contains 9876 items which cost 582 471 € in total. 9551 items were already announced in previous lists and 325 confiscated assets were added for the first time. 171 assets were removed from the list and their total cost was 57 586 €. The latest list contains 549 passenger cars and their total cost is around 366 753 € or 668 € in average for each confiscated passenger car. Top 3 confiscated passenger car manufacturers are AUDI (93), VW (79) and OPEL (58). The most expensive car in the list is NISSAN ROGUE, which costs 5 022 €. The cheapest one is - LEXUS RX400h, which costs 48 € only.

Major sellers of mentioned confiscated passenger cars are UAB Automera (161), UAB Vilmarlita (153), UAB Argimetas (125).