Spain thrives in EU car market rebound

car market

“It is another sign of the rebound within durable goods demand as well as, probably, in credit loans,” as reported by Madrid’s analysts at Bankinter.

The five major markets in the Europe of 27 closed the first quarter of present year with positive figures.

UK’s car market contributed with a  growth of 13.7%. Spain, which is the only country holding public aids for new cars sales, ranks second by an increase of 11.8%.

All this underlines the fact that German market just went down by 5.6%, considering it is the biggest in Europe In the same way, France (2.9%) and Italy’s (5.8%) figures are also noticeable since they prove cars industry of both countries leave negative results behind.

About the Author

The Corner
The Corner has a team of on-the-ground reporters in capital cities ranging from New York to Beijing. Their stories are edited by the teams at the Spanish magazine Consejeros (for members of companies’ boards of directors) and at the stock market news site Consenso Del Mercado (market consensus). They have worked in economics and communication for over 25 years.

Be the first to comment on "Spain thrives in EU car market rebound"

Leave a comment