In August, vehicle registrations in Denmark fell by 16.22% with respect to August of 2021. In total, 15,783 cars were registered and 189,433 new cars were sold in the last twelve months, 20.29% less than the year before.
The breakdown of car sales figures for the month of August is:
- Commercial vehicles sold: 3,027, 1.1% more than in August of 2021.
- Passenger cars regitrations: 12,756, which represents a figure of 19.49% less than in August of 2021.
Denmark is the 39th-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 32.25 cars per 1,000 residents, 2.69 of them in the last month, Denmark, occupies 13th 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 201,005 were registered that year, as have the number of registrations per thousand residents, which that year numbered 36.02.
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.