In May, vehicle registrations in United Kingdom fell by 28.27% with respect to May of 2008. In total, 151,004 cars were registered and 2,120,568 new cars were sold in the last twelve months, 24.3% less than the year before.
The breakdown of car sales figures for the month of May is:
- Commercial vehicles sold: 16,146, 48.3% less than in May of 2008.
- Passenger cars regitrations: 134,858, which represents a figure of 24.77% less than in May of 2008.
United Kingdom is among the ten countries where the greatest number of cars have been registered in the last year, in ranking of 135 countries based on number of vehicle registrations.
A very useful variable for estimating the level of economic wealth enjoyed by British 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 34.18 cars per 1,000 residents, 2.43 of them in the last month, United Kingdom, occupies 16th 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.
Changes in British 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 1999, as 2,569,049 were registered that year, as have the number of registrations per thousand residents, which that year numbered 43.86.
Here we show you the progression of vehicle registrations in United Kingdom. You can see car registrations in other countries in en vehicle registrations and see all the economic information about United Kingdom in en British economy.