In July, vehicle registrations in Estonia grew by 14.91% with respect to July of 2018. In total, 3,013 cars were registered and 31,500 new cars were sold in the last twelve months, 3.45% less than the year before.
The breakdown of car sales figures for the month of July is:
- Commercial vehicles sold: 479, 1.24% less than in July of 2018.
- Passenger cars regitrations: 2,534, which represents a figure of 18.58% more than in July of 2018.
Estonia is the 77th-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 Estonians 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 23.78 cars per 1,000 residents, 2.27 of them in the last month, Estonia, occupies 29th place in the ranking.
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 Estonian 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 2009, as 15,831 were produced that year as have the number of registrations per thousand residents, which that year numbered 11.85.
Here we show you the progression of vehicle registrations in Estonia. You can see car registrations in other countries in en vehicle registrations and see all the economic information about Estonia in en Estonian economy.