In July, vehicle registrations in Portugal grew by 0.07% with respect to July of 2007. In total, 26,908 cars were registered and 271,843 new cars were sold in the last twelve months, 0.87% less than the year before.
The breakdown of car sales figures for the month of July is:
- Commercial vehicles sold: 5,332, 23% more than in July of 2007.
- Passenger cars regitrations: 21,576, which represents a figure of 4.34% less than in July of 2007.
Portugal is the 35th-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 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 25.76 cars per 1,000 residents, 2.55 of them in the last month, Portugal, occupies 33th place in the ranking.
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.
Changes in Portuguese vehicle registration numbers are shown in the tables below. As several studies indicate, these changes are very much related to changes in GDP and, hence, to a country's economic situation. Sales have declined since 1998, as 347,586 were registered that year, as have the number of registrations per thousand residents, which that year numbered 34.3.
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.