In August, vehicle registrations in Spain grew by 24.65% with respect to August of 1998. In total, 104,822 cars were registered and 1,696,606 new cars were sold in the last twelve months, 22.43% more than the year before.
The breakdown of car sales figures for the month of August is:
- Commercial vehicles sold: 15,320, 15.74% more than in August of 1998.
- Passenger cars regitrations: 89,502, which represents a figure of 26.4% more than in August of 1998.
Spain is among the ten countries where the greatest number of cars have been registered in the last year, in ranking of 22 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 42.03 cars per 1,000 residents, 2.6 of them in the last month, Spain, occupies 14th 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.
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.