In May, vehicle registrations in Argentina fell by 31.05% with respect to May of 2008. In total, 40,872 cars were registered and 517,758 new cars were sold in the last twelve months, 16.41% less than the year before.
The breakdown of car sales figures for the month of May is:
- Commercial vehicles sold: 9,763, 37.42% less than in May of 2008.
- Passenger cars regitrations: 31,109, which represents a figure of 28.77% less than in May of 2008.
Argentina is the 25th-placed country in ranking of 135 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 13.03 cars per 1,000 residents, 1.03 of them in the last month, Argentina, occupies 46th place in the ranking.
As can be seen, the number of registrations per thousand residents has fallen in the last year. A drop in registrations generally indicates a fall in consumer confidence and, when it is sustained, a recession in the real economy.
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.