In January, vehicle registrations in Denmark fell by 42.17% with respect to January of 2020. In total, 12,682 cars were registered and 224,046 new cars were sold in the last twelve months, 7.27% less than the year before.
The breakdown of car sales figures for the month of January is:
- Commercial vehicles sold: 2,426, 25.56% less than in January of 2020.
- Passenger cars regitrations: 10,256, which represents a figure of 45.07% less than in January of 2020.
Denmark is the 36th-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 38.36 cars per 1,000 residents, 2.17 of them in the last month, Denmark, 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 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 grown since 2011, as 176,052 were produced that year as have the number of registrations per thousand residents, which that year numbered 31.66.
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.