In May, vehicle registrations in Ireland grew by 0.16% with respect to May of 2005. In total, 21,400 cars were registered and 223,919 new cars were sold in the last twelve months, 7.35% more than the year before.
The breakdown of car sales figures for the month of May is:
- Commercial vehicles sold: 3,830, 0.49% less than in May of 2005.
- Passenger cars regitrations: 17,570, which represents a figure of 0.3% more than in May of 2005.
Ireland is the 34th-placed country in ranking of 132 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 53.21 cars per 1,000 residents, 5.09 of them in the last month, Ireland, occupies 7th 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 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 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.