In March, vehicle registrations in Estonia grew by 30.7% with respect to March of 2020. In total, 2,665 cars were registered and 23,017 new cars were sold in the last twelve months, 19.39% less than the year before.
The breakdown of car sales figures for the month of March is:
- Commercial vehicles sold: 549, 55.08% more than in March of 2020.
- Passenger cars regitrations: 2,116, which represents a figure of 25.58% more than in March of 2020.
Estonia is the 79th-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 17.31 cars per 1,000 residents, 2 of them in the last month, Estonia, occupies 31th 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 2011, as 14,180 were produced that year as have the number of registrations per thousand residents, which that year numbered 10.66.
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.