According to data from the Spanish Association of Automobile and Truck Manufacturers (Anfac), car production in Spain fell by 27.2% in January, reaching 168,076 units produced. Anfac states that the main causes of this sharp decline are the adjustments in work shifts made at production centers and their adaptation to the introduction of new electrified models, and it reminds that the drop in production occurs at “a critical moment for…
El Economista | The share of sales of new plug-in vehicles (10.4%) exceeded that of diesels (10.3%) for the first time during the first half of 2024, although they only represent 1.4% of the vehicle fleet, according to the IV Report on electric mobility in Spain. Gasoline vehicles topped sales (40.6%), followed by hybrids (35.7%), in a ranking that also includes those running on alternative fuels (2.9%). The study, led…
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…
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%…
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…
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…
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…
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…
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.
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.