In August, vehicle registrations in Argentina grew by 19.93% with respect to August of 2017. In total, 76,700 cars were registered and 822,833 new cars were sold in the last twelve months, 24.46% more than the year before.
The breakdown of car sales figures for the month of August is:
- Commercial vehicles sold: 21,305, 16.4% more than in August of 2017.
- Passenger cars regitrations: 55,395, which represents a figure of 21.35% more than in August of 2017.
Argentina is the 11th-placed country in ranking of 36 countries based on number of vehicle registrations.
A very useful variable for estimating the level of economic wealth enjoyed by Argentines residents, when compared to the other countries in the ranking, is the number of vehicles sold or registered per thousand residents in the last year. With annual sales of 18.59 cars per 1,000 residents, 1.73 of them in the last month, Argentina, occupies 25th place in the ranking.
As can be seen, the number of registrations per thousand residents has grown in the last year. The increase in this figure is positive, as it generally indicates improved public confidence in the country's economy.
Changes in Argentine vehicle registration numbers are shown in the tables below. As several studies indicate, these changes are very much related to changes in GDP and, hence, to a country's economic situation. Sales have grown since 2008, as 635,360 were produced that year as have the number of registrations per thousand residents, which that year numbered 16.14.
Here we show you the progression of vehicle registrations in Argentina. You can see car registrations in other countries in en vehicle registrations and see all the economic information about Argentina in en Argentine economy.