In December, vehicle registrations in Portugal fell by 50.72% with respect to December of 2010. In total, 16,876 cars were registered and 191,325 new cars were sold in the last twelve months, 29.85% less than the year before.
The breakdown of car sales figures for the month of December is:
- Commercial vehicles sold: 5,628, 8.14% less than in December of 2010.
- Passenger cars regitrations: 11,248, which represents a figure of 60% less than in December of 2010.
Portugal is the 40th-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 18.15 cars per 1,000 residents, 1.6 of them in the last month, Portugal, occupies 38th 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 2001, as 361,461 were registered that year, as have the number of registrations per thousand residents, which that year numbered 34.77.
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.