In January, vehicle registrations in Switzerland grew by 15.63% with respect to January of 1998. In total, 26,053 cars were registered and 324,340 new cars were sold in the last twelve months, 10.89% more than the year before.
The breakdown of car sales figures for the month of January is:
- Commercial vehicles sold: 2,190, 32.65% more than in January of 1998.
- Passenger cars regitrations: 23,863, which represents a figure of 14.29% more than in January of 1998.
Switzerland is the 14th-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 Swiss 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 45.53 cars per 1,000 residents, 3.66 of them in the last month, Switzerland, occupies 8th place, so, compared to the other countries in the ranking, its population has a good standard of living.
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 Switzerland. You can see car registrations in other countries in en vehicle registrations and see all the economic information about Switzerland in en Swiss economy.