Spanish car industry suffers 7 consecutive month downturn

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Link Securities | According to Spanish Carmakers Association (Anfac) data, Spain produced 294,146 vehicles in May, 6% less than the same month in 2018.

With this data, the Spanish industry has suffered a seven consecutive month downturn.

According to Anfac, this fall is a consequence of European markets, the main buyers of Spanish vehicles, continuing to register a downturn.

In the first five months of 2019 Spanish factories have produced a total of 1.27 million vehicles, 5.6% less tan in the same period in 2018.