In August, vehicle registrations in Ireland fell by 30.44% with respect to August of 2000. In total, 11,475 cars were registered and 215,474 new cars were sold in the last twelve months, 22.93% less than the year before.
The breakdown of car sales figures for the month of August is:
- Commercial vehicles sold: 2,671, 22.65% less than in August of 2000.
- Passenger cars regitrations: 8,804, which represents a figure of 32.51% less than in August of 2000.
Ireland is one of the countries where the least number of cars have been registered in the last year, in ranking of 22 countries based on number of vehicle registrations.
A very useful variable for estimating the level of economic wealth enjoyed by Irish 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 56.22 cars per 1,000 residents, 2.99 of them in the last month, Ireland, occupies third place, so, compared to the other countries in the ranking, its population has a good standard of living.
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 Ireland. You can see car registrations in other countries in en vehicle registrations and see all the economic information about Ireland in en Irish economy.