In February, vehicle registrations in Australia grew by 6.94% with respect to February of 2004. In total, 81,141 cars were registered and 965,409 new cars were sold in the last twelve months, 4.64% more than the year before.
The breakdown of car sales figures for the month of February is:
- Commercial vehicles sold: 30,501, 8.93% more than in February of 2004.
- Passenger cars regitrations: 50,640, which represents a figure of 5.77% more than in February of 2004.
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 48.16 cars per 1,000 residents, 4.05 of them in the last month, Australia, occupies 8th 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.
Changes in Australian 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 1995, as 626,626 were produced that year as have the number of registrations per thousand residents, which that year numbered 35.02.
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.