In March, vehicle registrations in Canada grew by 4.06% with respect to March of 2022. In total, 152,943 cars were registered and 1,574,989 new cars were sold in the last twelve months, 5.06% less than the year before.
The breakdown of car sales figures for the month of March is:
- Commercial vehicles sold: 131,496, 8.73% more than in March of 2022.
- Passenger cars regitrations: 21,447, which represents a figure of 17.62% less than in March of 2022.
Canada is among the ten countries where the greatest number of cars have been registered in the last year, in ranking of 137 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 40.45 cars per 1,000 residents, 3.93 of them in the last month, Canada, occupies 5th 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 declined since 2013, as 1,708,486 were registered that year, as have the number of registrations per thousand residents, which that year numbered 49.22.
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.