In March, vehicle registrations in Spain fell by 3.6% with respect to March of 2023. In total, 111,361 cars were registered and 1,136,189 new cars were sold in the last twelve months, 9.41% more than the year before.
The breakdown of car sales figures for the month of March is:
- Commercial vehicles sold: 16,521, 0.41% more than in March of 2023.
- Passenger cars regitrations: 94,840, which represents a figure of 4.71% less than in March of 2023.
Spain is the 13th-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 Spaniards 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 23.38 cars per 1,000 residents, 2.29 of them in the last month, Spain, occupies 23th 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 Spanish 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 2014, as 852,429 were produced that year as have the number of registrations per thousand residents, which that year numbered 18.33.
Here we show you the progression of vehicle registrations in Spain. You can see car registrations in other countries in en vehicle registrations and see all the economic information about Spain in en Spanish economy.