Car registrations in Spain fell 6.3% until October

vehicle re registration spainPrivate vehicle registrations in Spain dropped by 27% in the entire year 2020

According to the Association of European Car Builders (ACEA), the number of registrations of cars and SUVs in the whole of Europe amounted to 13.33 million units in 10M2019, representing a decrease in y-o-y rate of 0.7%.

Analysts at Link commented that the Spanish auto market, with a 6.3% drop in the period, was the worse off in the top 5. In Italy, enrollments decreased 0.8% year-on-year in 10M2019, while in the United Kingdom registrations fell by 2.9%; in France, 0.3%. Germany was the only one of those markets where car registrations increased by 3.4%.

In October, car registrations in Europe reached 1.21 million units, representing an increase of 8.6% year-on-year.

 

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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.