In December, vehicle registrations in Denmark fell by 15.6% with respect to December of 2021. In total, 17,826 cars were registered and 181,080 new cars were sold in the last twelve months, 18.44% less than the year before.
The breakdown of car sales figures for the month of December is:
- Commercial vehicles sold: 2,607, 22.27% less than in December of 2021.
- Passenger cars regitrations: 15,219, which represents a figure of 14.34% less than in December of 2021.
Denmark is the 40th-placed country in ranking of 137 countries based on number of vehicle registrations.
A very useful variable for estimating the level of economic wealth enjoyed by Danes 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 30.83 cars per 1,000 residents, 3.04 of them in the last month, Denmark, occupies 12th place in the ranking.
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.
Changes in Danish 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 2012, as 199,201 were registered that year, as have the number of registrations per thousand residents, which that year numbered 35.55.
Here we show you the progression of vehicle registrations in Denmark. You can see car registrations in other countries in en vehicle registrations and see all the economic information about Denmark in en Danish economy.