In October, vehicle registrations in Spain grew by 14.95% with respect to October of 2016. In total, 115,262 cars were registered and 1,442,304 new cars were sold in the last twelve months, 8.97% more than the year before.
The breakdown of car sales figures for the month of October is:
- Commercial vehicles sold: 20,586, 20.93% more than in October of 2016.
- Passenger cars regitrations: 94,676, which represents a figure of 13.73% more than in October of 2016.
Spain is the 14th-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 31 cars per 1,000 residents, 2.48 of them in the last month, Spain, occupies 25th 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 2007, as 1,938,849 were registered that year, as have the number of registrations per thousand residents, which that year numbered 42.86.
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.