In October, vehicle registrations in Greece grew by 11.6% with respect to October of 2002. In total, 25,492 cars were registered and 274,890 new cars were sold in the last twelve months, 5.34% less than the year before.
The breakdown of car sales figures for the month of October is:
- Commercial vehicles sold: 1,993, 12.09% more than in October of 2002.
- Passenger cars regitrations: 23,499, which represents a figure of 11.55% more than in October of 2002.
Greece is the 15th-placed country in ranking of 23 countries based on number of vehicle registrations.
A very useful variable for estimating the level of economic wealth enjoyed by Greeks 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 25.18 cars per 1,000 residents, 2.34 of them in the last month, Greece, occupies one of the final places in the ranking, meaning that its population is among those in the table with the least spending power.
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.
Here we show you the progression of vehicle registrations in Greece. You can see car registrations in other countries in en vehicle registrations and see all the economic information about Greece in en Greek economy.