28/09/2012 Lanzarote (BG) - Vehicle registration on Lanzarote has fallen dramatically in the first eight months of 2012, down nearly 50% compared to figures recorded this time last year. Vehicle registration is recognized as one of the main parameters that are taken into account to measure the level of economic activity in a region.
According to figures released by the Centro de Datos del Cabildo insular (Data Centre of the Island), just 2,203 cars have been registered in the first eight months of 2012, down 43% on the number registered during the first eight months of last year, 3,866.
In August of this year 228 vehicles were registered on Lanzarote, slightly below the average figure of 275 per month that have been recorded so far in 2012. The figure for August is also considerably less than the number of vehicles registered during the same month last year, when 301 vehicles were registered.
Throughout 2012 a downward trend has emerged, with ‘peaks’ in the months of March and April when registration figures were down 63.8% and 67.9% respectively, compared to the same months in 2012.
However, the decisive month that revealed the extent of the sharp decline in vehicle registration this year was July. July is traditionally the month when the majority of companies renew their fleet of vehicles. In July 2011 a total of 1,359 vehicles were registered compared to just 621 in July 2012, a decline of over 50%.