In October, vehicle registrations in Switzerland grew by 10.95% with respect to October of 2021. In total, 19,346 cars were registered and 252,039 new cars were sold in the last twelve months, 10.56% less than the year before.
The breakdown of car sales figures for the month of October is:
- Commercial vehicles sold: 2,161, 9.05% less than in October of 2021.
- Passenger cars regitrations: 17,185, which represents a figure of 14.11% more than in October of 2021.
Switzerland is the 34th-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 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 28.84 cars per 1,000 residents, 2.21 of them in the last month, Switzerland, occupies 15th 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 Swiss 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 2012, as 367,523 were registered that year, as have the number of registrations per thousand residents, which that year numbered 46.2.
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.