In February, vehicle registrations in Czechia fell by 17.34% with respect to February of 2004. In total, 10,413 cars were registered and 168,291 new cars were sold in the last twelve months, 0.32% more than the year before.
The breakdown of car sales figures for the month of February is:
- Commercial vehicles sold: 1,504, 11.49% more than in February of 2004.
- Passenger cars regitrations: 8,909, which represents a figure of 20.79% less than in February of 2004.
Czechia is the 22th-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 Czechs 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 16.5 cars per 1,000 residents, 1.02 of them in the last month, Czechia, occupies one of the final places in the ranking, meaning that its population is among those in the table with the least spending power.
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 Czechia. You can see car registrations in other countries in en vehicle registrations and see all the economic information about Czechia in en Czech economy.