Bankinter: Car sales increase by +17.8% year-on-year in June. This brings the cumulative annual figure to +17.9%.
Assessment: Solid figures, but heavily influenced by a favourable base effect. Sales continue the recovery process that started in August last year. The main markets show solid growth: Spain +24%, Italy +23%, France +15%, Germany +13%. However, compared to the cumulative January-June 2019 (before the pandemic), sales are still -21% lower.