In May, vehicle registrations in Canada fell by 1.85% with respect to May of 1947. In total, 18,751 cars were registered and 229,862 new cars were sold in the last twelve months, 34.46% more than the year before.
The breakdown of car sales figures for the month of May is:
- Commercial vehicles sold: 7,788, 21.18% more than in May of 1947.
- Passenger cars regitrations: 10,963, which represents a figure of 13.53% less than in May of 1947.
Canada is the country where the greatest number of cars have been registered in the last year, in ranking of 1 countries based on number of vehicle registrations.
A very useful variable for estimating the level of economic wealth enjoyed by Canadians 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 18.18 cars per 1,000 residents, 1.48 of them in the last month, Canada, occupies pole position, which tells us that its population enjoys a high standard of living.
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 Canada. You can see car registrations in other countries in en vehicle registrations and see all the economic information about Canada in en Canadian economy.