In May, vehicle registrations in United States grew by 40.77% with respect to May of 2020. In total, 1,608,628 cars were registered and 16,596,839 new cars were sold in the last twelve months, 4.76% more than the year before.
The breakdown of car sales figures for the month of May is:
- Commercial vehicles sold: 1,228,955, 38.99% more than in May of 2020.
- Passenger cars regitrations: 379,673, which represents a figure of 46.86% more than in May of 2020.
United States is among the ten countries where the greatest number of cars have been registered in the last year, in ranking of 137 countries based on number of vehicle registrations.
A very useful variable for estimating the level of economic wealth enjoyed by Americans 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 50.11 cars per 1,000 residents, 4.86 of them in the last month, United States, occupies second 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.
Changes in American 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 grown since 2011, as 12,442,921 were produced that year as have the number of registrations per thousand residents, which that year numbered 40.22.
Here we show you the progression of vehicle registrations in United States. You can see car registrations in other countries in en vehicle registrations and see all the economic information about United States in en American economy.