In February, vehicle registrations in Spain grew by 13.68% with respect to February of 2017. In total, 129,990 cars were registered and 1,497,487 new cars were sold in the last twelve months, 10.06% more than the year before.
The breakdown of car sales figures for the month of February is:
- Commercial vehicles sold: 19,516, 17.94% more than in February of 2017.
- Passenger cars regitrations: 110,474, which represents a figure of 12.96% more than in February of 2017.
Spain is among the ten countries where the greatest number of cars have been registered in the last year, in ranking of 35 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 32.17 cars per 1,000 residents, 2.79 of them in the last month, Spain, occupies 17th place in the ranking.
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.
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 declined since 2008, as 1,918,871 were registered that year, as have the number of registrations per thousand residents, which that year numbered 42.02.
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.