In July, vehicle registrations in Germany fell by 6.69% with respect to July of 2003. In total, 291,282 cars were registered and 3,470,458 new cars were sold in the last twelve months, 1.12% less than the year before.
The breakdown of car sales figures for the month of July is:
- Commercial vehicles sold: 23,662, 1.79% less than in July of 2003.
- Passenger cars regitrations: 267,620, which represents a figure of 7.1% less than in July of 2003.
Germany is among the ten countries where the greatest number of cars have been registered in the last year, in ranking of 31 countries based on number of vehicle registrations.
A very useful variable for estimating the level of economic wealth enjoyed by Germans 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 42.05 cars per 1,000 residents, 3.53 of them in the last month, Germany, 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.
Here we show you the progression of vehicle registrations in Germany. You can see car registrations in other countries in en vehicle registrations and see all the economic information about Germany in en German economy.