Spanish car industry suffers 7 consecutive month downturn

auto sectorauto sector

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.


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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.