Coronation celebrations drive a rise in registrations

Vehicle Registrations
June 2015

  June 15 May 15 Apr 15 Mar 15

New Registrations 262 196 198 189

Coronation celebrations drive a rise in registrations

Total number of vehicle registrations increased by 33.7% to 262 registrations over the month of June. This was due to a rise in all vehicle types except “Heavy vehicles” which recorded fewer registrations. Notably, “Government vehicles” increased by five times the previous month’s registrations as a result of donor-funded vehicles from the Chinese Government. This coupled with a 22.7% rise in “Taxis & rentals” indicate preparation and expected high demand for the coronation. Despite banking data showing vehicle payments were relatively stable over June (refer to Figure 1), vehicle loans increased by more than triple over the month further supporting the monthly rise in registrations. In addition, the year-ended registrations rose by 28.9% (refer to Table 1 and Figure 2). This was caused by an increase in all vehicle types except “Motorcycles” which decreased.

Looking forward, the NRBT expects growth in vehicle registrations supported by a rise in the number of car dealers. Additionally, an increase in new commitment loans for the vehicle sector further supports the projected rise in registrations for the near-term. Anticipated strong growth for the tourism sector is also expected to have spillover effects on public transport, car rental providers and vehicle registrations. The NRBT will continue to closely monitor the country’s economic and financial conditions in order to maintain an adequate level of foreign reserves.


Total Number of vehicle Registrations

  Month ended
Year ended Memo
Share *
  Jub 15 May 15
Apr 15
Jun 14
Jun 15
Jun 14
% Growth

Total vehicles
262 196 198 169 2,268 1,759 28.9 100.0
Cars 109 81 72 65 915 670 36.6 40
Light vehicles +
93 66 83 60 886 780 13.6 39
Heavy cehicles ++
19 25 17 13 220 151 45.7 10
Taxi and rentals
27 22 22 18 188 103 82.5 8
Motorcycles 1 0 3 4 13 19 -31.6 1
Government vehicles
10 2 0 7 25 24 4.2 1
Buses 3 0 1 2 21 12 75.0 1

* Based on year-ended vehicle registration numbers
+ Vehicles lighter than 1500kgs excluding Cars
++ Vehicles heavier than 1500kgs excluding Buses
Source: Ministry of Infrastructure
TotalVehicleRegistrationsMonthly Jun15 TotalVehicleRegistrationsYearly Jun15

Download the Vehicle Registrations for June for more information.

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