In February, vehicle registrations in Portugal grew by 28.8% with respect to February of 1998. In total, 34,779 cars were registered and 388,623 new cars were sold in the last twelve months, 20.14% more than the year before.
The breakdown of car sales figures for the month of February is:
- Commercial vehicles sold: 9,796, 5.37% more than in February of 1998.
- Passenger cars regitrations: 24,983, which represents a figure of 41.11% more than in February of 1998.
Portugal is the 12th-placed country in ranking of 22 countries based on number of vehicle registrations.
A very useful variable for estimating the level of economic wealth enjoyed by Portuguese 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 38.15 cars per 1,000 residents, 3.41 of them in the last month, Portugal, 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 Portugal. You can see car registrations in other countries in en vehicle registrations and see all the economic information about Portugal in en Portuguese economy.