Spain thrives in EU car market rebound

“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.