In July, vehicle registrations in Canada grew by 2.08% with respect to July of 1987. In total, 123,963 cars were registered and 1,557,895 new cars were sold in the last twelve months, 3.33% more than the year before.
The breakdown of car sales figures for the month of July is:
- Commercial vehicles sold: 40,541, 12.7% more than in July of 1987.
- Passenger cars regitrations: 83,422, which represents a figure of 2.39% less than in July of 1987.
Canada is among the ten countries where the greatest number of cars have been registered in the last year, in ranking of 2 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 58.91 cars per 1,000 residents, 4.69 of them in the last month, Canada, occupies second 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 Canadian 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 1978, as 1,367,279 were produced that year as have the number of registrations per thousand residents, which that year numbered 57.63.
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.