In January, vehicle registrations in Canada grew by 24.91% with respect to January of 1950. In total, 33,724 cars were registered and 436,421 new cars were sold in the last twelve months, 44.75% more than the year before.
The breakdown of car sales figures for the month of January is:
- Commercial vehicles sold: 7,639, 29.67% more than in January of 1950.
- Passenger cars regitrations: 26,085, which represents a figure of 23.58% more than in January of 1950.
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 31.61 cars per 1,000 residents, 2.44 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 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 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.