In July, vehicle registrations in Argentina fell by 2.44% with respect to July of 2016. In total, 52,678 cars were registered and 654,544 new cars were sold in the last twelve months, 11.31% more than the year before.
The breakdown of car sales figures for the month of July is:
- Commercial vehicles sold: 14,436, 2.22% more than in July of 2016.
- Passenger cars regitrations: 38,242, which represents a figure of 4.09% less than in July of 2016.
Argentina is the 21th-placed country in ranking of 137 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 15.02 cars per 1,000 residents, 1.21 of them in the last month, Argentina, occupies 43th 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.
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 2007, as 551,476 were produced that year as have the number of registrations per thousand residents, which that year numbered 14.15.
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.