In May, vehicle registrations in Belgium grew by 5.3% with respect to May of 2003. In total, 44,951 cars were registered and 550,589 new cars were sold in the last twelve months, 10.68% more than the year before.
The breakdown of car sales figures for the month of May is:
- Commercial vehicles sold: 5,996, 7.49% more than in May of 2003.
- Passenger cars regitrations: 38,955, which represents a figure of 4.97% more than in May of 2003.
Belgium is the 11th-placed country in ranking of 31 countries based on number of vehicle registrations.
A very useful variable for estimating the level of economic wealth enjoyed by Belgians 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 52.96 cars per 1,000 residents, 4.32 of them in the last month, Belgium, occupies third 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 Belgium. You can see car registrations in other countries in en vehicle registrations and see all the economic information about Belgium in en Belgian economy.