In May, vehicle registrations in Lithuania grew by 104.22% with respect to May of 2010. In total, 1,695 cars were registered and 14,428 new cars were sold in the last twelve months, 80.82% more than the year before.
The breakdown of car sales figures for the month of May is:
- Commercial vehicles sold: 447, 159.88% more than in May of 2010.
- Passenger cars regitrations: 1,248, which represents a figure of 89.67% more than in May of 2010.
Lithuania is the 85th-placed country in ranking of 135 countries based on number of vehicle registrations.
A very useful variable for estimating the level of economic wealth enjoyed by Lithuanians 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 4.73 cars per 1,000 residents, 0.56 of them in the last month, Lithuania, occupies 70th 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.
Here we show you the progression of vehicle registrations in Lithuania. You can see car registrations in other countries in en vehicle registrations and see all the economic information about Lithuania in en Lithuanian economy.