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CAR INDUSTRY

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In Spain, Spanish economy 7th June 2023

Car sales in Spain rise in May for fifth month running

Intermoney| According to data published by the manufacturers’ (Anfac), dealers’ (Faconauto) and vendors’ (Ganvam) associations, car sales in Spain maintained a positive performance in May, with growth of 8.3%, slightly higher than the 8.2% in April but moderating the rate of increase after the strong growth of+45% accumulated in the first quarter. More than 92k vehicles were registered in May, bringing cumulative sales in the first five months of the…

coches aparcamiento

Spanish economy 5th May 2023

Car sales in Spain moderate pace of growth to +8.2% in April after +45% accumulated in Q1

Intermoney | According to data published by the manufacturers’ (Anfac), dealers’ (Faconauto) and sellers’ (Ganvam) associations, car sales in Spain maintained a positive performance in April, although the pace of growth moderated to +8.2% after the strong +45% growth accumulated in the first quarter. Nearly 75k vehicles were registered in April, bringing cumulative sales in the first four months of the year to over 312k units, an increase of +34%…

car makers europe

Spanish economy 2nd August 2022

Spain: Car Sales Fall 11% In The First Half Of The Year

Last July 73,378 passenger cars and SUVs were registered in Spain, down 12.5% on the previous year and making it the worst July since 2012. Year-to-date sales are down 11% with a total of 481,135 units registered in 2022. Toyota, with 43,684 deliveries, leads the market. The new car registrations market in Spain is still in free fall and shows no signs of improving. In July, 73,378 passenger cars and…

car makers europe

Spanish economy 25th April 2022

More Cars Over 15 Years Old Are Already Being Bought In Spain Than New Vehicles

According to data from Ganvam, the National Association of Motor Vehicle Dealers, Repairs and Spare Parts, between January and March of this year, 167,120 vehicles over 15 years old were sold in Spain. This compares to the 164,399 new cars registered in the same period. As the president of Ganvam, Raúl Palacios, explained to the business newspaper 5 Días, “In the end, the second-hand market is still a reflection of…

cars to export

European economy 22nd April 2022

Spain (-30%) Leads European Car Sales Decline (-18.8%) Last Month

Car registrations in Europe (EU+EFTA+UK) fell by 18.8% YoY in March to 1.127 million units, according to ACEA data. Most countries in the region recorded double-digit sales declines, including the five key markets: Spain (-30.2%), Italy (-29.7%), France (-19.5%), Germany (-17.5%) and the UK (-14.3%). As a result, first quarter sales declined by 10.6% YoY in the region to 2.75 million units. All manufacturers suffered double-digit declines; Jaguar sales fell…

car makers europe

World economy 23rd March 2022

The Playbook For Chinese Carmakers To Mitigate Waning Domestic Demand And Higher Costs

Alicia García Herrero (Natixis) | After three years of sluggish performance, China’s car sales finally reverted to positive growth in 2021. The auto industry is essential for the Chinese economy as it forms 28% of retail sales and 7% of industrial revenue. Without a recovery in car sales, it is hard to imagine a solid rebound in consumption. In this note, we analyze the demand for passenger cars in China…

sector auto spain

Spanish economy 16th June 2020

Spain Government Mobilises €1.05 Bn For The Renewal Of The Vehicle Fleet

The Spanish government is launching a recovery plan to help the sectors most affected by the coronavirus crisis. These include the tourism and automotive industries, which account for 12% and 10% respectively of the country’s GDP. The first of which have been known details is the the Plan for the Promotion of the Automotive Industry Value Chain. It has a budget of €3.750 Bn, of which €1.050 Bn will be earmarked for the renewal of the fleet of vehicles in Spain. The aid will prioritize the most efficient models.

auto

Spanish economy 26th January 2016

Spanish Big Car, Spanish Little Car

It’s good news for Spain’s automobile sector. And it’s not only  because sales grew 20% to 1.034.232 units in 2015 from a year ago, leaving behind the bad memory of 2008 when they started what would be as much as a 50% drop from their peak.

Tesla

World economy 29th April 2014

The driving forces of Elon Musk

BEIJING | By W. Jiapeng, H. Haoyi, Z.Shiyun and G. McCubbing via Caixin | The second time around to China has offered much more promise than the first some two years ago, Elon Musk, founder and CEO of Tesla Motors Inc, said in an interview with Caixin. In three or four years, Musk plans to have cars produced in China, which will mean setting up a joint venture with a local partner, influencing the car industry to move faster in the direction of electric cars.