cars

Spanish economy 5th May 2022

Seat Presents Its Alliance Of 62 Companies To Lead The Electric Car

Seat wants to turn Spain into a platform for the electric car in Europe. This plan includes the electrification of its Martorell and Pamplona factories, a battery production ecosystem – ranging from lithium mining, a key material, to a giant battery factory in Sagunt -, locations for electric components and a training, digitalisation and circular economy plan. This is explained in the “Future: Fast Forward” project, which brings together an…

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…

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…

World economy 27th August 2014

China’s antitrust investigation threatening 25% of car industry’s global benefits

MADRID | The Corner | China’s antitrust investigation on over 1,000 manufacturers and foreign suppliers in China (market of € 450,000 million in revenues) threatens 25% of the sector’s global benefits. In particular, German manufacturers are the most exposed (BMW, Daimler, Audi and Porsche generate 50.000 million euros and account for over 80% of demand for luxury goods). According to Morgan Stanley figures, 80% of the market has been influenced by foreign companies. In the short term Morgan Stanley analysts believe the focus of the problem will centre on imports but generalized cuts in luxury markets are also expected.

Spanish economy 25th June 2014

Spain produces more than 1m cars, aims +2m

MADRID | The Corner | The production of vehicles in Spain exceeded one million units in 2014, after the 7% growth recorded in May, according to the Spanish Association of Car and Lorry Manufacturers (ANFAC). Thus, during that month, the level of manufacturing reached 232,762 units and the total annualized was 1,065,879 vehicles. During the first five months of the year, the production of vehicles in Spain grew by 11%. ANFAC estimates that the recording of production will reach 2.4 million by the end of 2014.