In February, vehicle registrations in Australia grew by 13.7% with respect to February of 2003. In total, 75,877 cars were registered and 922,580 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 February is:
- Commercial vehicles sold: 28,001, 21.44% more than in February of 2003.
- Passenger cars regitrations: 47,876, which represents a figure of 9.61% more than in February of 2003.
Australia is among the ten countries where the greatest number of cars have been registered in the last year, in ranking of 31 countries based on number of vehicle registrations.
A very useful variable for estimating the level of economic wealth enjoyed by Australians 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 46.53 cars per 1,000 residents, 3.83 of them in the last month, Australia, occupies 6th place, so, compared to the other countries in the ranking, its population has a good standard of living.
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.
Here we show you the progression of vehicle registrations in Australia. You can see car registrations in other countries in en vehicle registrations and see all the economic information about Australia in en Australian economy.