The data for 2024 indicates that Australia leads with the highest first registrations of brand new goods vehicles at 12.13 units per thousand persons, followed by Luxembourg (9.34) and Lithuania (7.58). Notably, Australia, Switzerland, and Macedonia show positive growth trends with variations of 1.06%, 1.87%, and 3.9% respectively in 2023. Conversely, Canada, Iceland, and Bulgaria experienced significant declines of -5.05%, -6.78%, and -4.88% respectively. The UK also showed a modest increase of 1.23%. Among the countries, Portugal and Poland saw notable declines of -3.04% and -1.77% respectively, reflecting potential market challenges. These trends indicate variable regional dynamics affecting goods vehicle registrations.
Future trends to watch include the impact of economic recovery post-pandemic, advancements in electric goods vehicles, and legislative changes promoting sustainable transport. Technological innovations and shifts towards greener logistics solutions could significantly influence vehicle registration volumes and patterns globally.
Top countries in First Registrations of Brand New Goods Vehicles by Country
| # | 10 Countries | Units Per Thousand Persons | Last Year | YoY | 5-years CAGR | |
|---|---|---|---|---|---|---|
| 1 | 1 Australia | 12.13 | 2023 | +1.25% | +1.06% | View data |
| 2 | 2 Luxembourg | 9.34 | 2023 | +3.26% | -0.71% | View data |
| 3 | 3 Lithuania | 7.58 | 2023 | +7.29% | -0.23% | View data |
| 4 | 4 Belgium | 7.56 | 2023 | +2.74% | +0.83% | View data |
| 5 | 5 Denmark | 6.91 | 2023 | +0.39% | +0.79% | View data |
| 6 | 6 Japan | 6.47 | 2023 | +2.06% | +0.2% | View data |
| 7 | 7 Austria | 5.64 | 2023 | +4.91% | +0.77% | View data |
| 8 | 8 Ireland | 5.6 | 2023 | +3.22% | -0.31% | View data |
| 9 | 9 Netherlands | 5.29 | 2023 | +4.87% | -0.85% | View data |
| 10 | 10 Switzerland | 4.84 | 2023 | +5.26% | +1.87% | View data |
