In October, vehicle registrations in Sweden fell by 9.98% with respect to October of 1999. In total, 26,412 cars were registered and 337,474 new cars were sold in the last twelve months, 7.59% more than the year before.
The breakdown of car sales figures for the month of October is:
- Commercial vehicles sold: 3,115, 4.57% more than in October of 1999.
- Passenger cars regitrations: 23,297, which represents a figure of 11.63% less than in October of 1999.
Sweden is the 15th-placed country in ranking of 22 countries based on number of vehicle registrations.
A very useful variable for estimating the level of economic wealth enjoyed by Swedes 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 38.08 cars per 1,000 residents, 2.98 of them in the last month, Sweden, occupies one of the final places in the ranking, meaning that its population is among those in the table with the least spending power.
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.
Here we show you the progression of vehicle registrations in Sweden. You can see car registrations in other countries in en vehicle registrations and see all the economic information about Sweden in en Swedish economy.