In April, vehicle registrations in Slovakia fell by 10.3% with respect to April of 2021. In total, 6,993 cars were registered and 90,572 new cars were sold in the last twelve months, 5.71% more than the year before.
The breakdown of car sales figures for the month of April is:
- Commercial vehicles sold: 935, 7.33% less than in April of 2021.
- Passenger cars regitrations: 6,058, which represents a figure of 10.74% less than in April of 2021.
Slovakia is the 58th-placed country in ranking of 137 countries based on number of vehicle registrations.
A very useful variable for estimating the level of economic wealth enjoyed by Slovaks 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 16.67 cars per 1,000 residents, 1.29 of them in the last month, Slovakia, occupies 37th 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 Slovak 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 grown since 2012, as 78,863 were produced that year as have the number of registrations per thousand residents, which that year numbered 14.59.
Here we show you the progression of vehicle registrations in Slovakia. You can see car registrations in other countries in en vehicle registrations and see all the economic information about Slovakia in en Slovak economy.