In May, vehicle registrations in United States fell by 28.78% with respect to May of 2021. In total, 1,145,623 cars were registered and 14,048,442 new cars were sold in the last twelve months, 15.35% less than the year before.
The breakdown of car sales figures for the month of May is:
- Commercial vehicles sold: 906,969, 26.2% less than in May of 2021.
- Passenger cars regitrations: 238,654, which represents a figure of 37.14% less than in May of 2021.
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 42.29 cars per 1,000 residents, 3.45 of them in the last month, United States, occupies third 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 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 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 2012, as 13,795,261 were produced that year although there has been a drop in the number of registrations per thousand residents, which that year numbered 44.26.
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.