In March, vehicle registrations in Norway grew by 48.69% with respect to March of 2003. In total, 14,175 cars were registered and 129,578 new cars were sold in the last twelve months, 10.89% more than the year before.
The breakdown of car sales figures for the month of March is:
- Commercial vehicles sold: 3,214, 23.95% more than in March of 2003.
- Passenger cars regitrations: 10,961, which represents a figure of 57.94% more than in March of 2003.
Norway is the 24th-placed country in ranking of 31 countries based on number of vehicle registrations.
A very useful variable for estimating the level of economic wealth enjoyed by Norwegians 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 28.31 cars per 1,000 residents, 3.1 of them in the last month, Norway, occupies 19th 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 Norway. You can see car registrations in other countries in en vehicle registrations and see all the economic information about Norway in en Norwegian economy.