In October, vehicle registrations in Sweden fell by 8.07% with respect to October of 2003. In total, 25,652 cars were registered and 292,172 new cars were sold in the last twelve months, 1.97% less than the year before.
The breakdown of car sales figures for the month of October is:
- Commercial vehicles sold: 3,000, 0.5% less than in October of 2003.
- Passenger cars regitrations: 22,652, which represents a figure of 8.99% less than in October of 2003.
Sweden is the 17th-placed country in ranking of 31 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 32.55 cars per 1,000 residents, 2.86 of them in the last month, Sweden, occupies 17th 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.
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.