BMW to cut 30 of its 83 Spanish dealers.
MADRID – Despite the government’s subsidy plan to scrap older vehicles in place of new models, sales in the Spanish car market fell 13.4% in 2012 and continued their slide in January, down 9.6% compared with year-ago. As a consequence, dealer networks recorded €22.1 billion ($28.9 billion) in sales, a 6.5% drop from like-2011, and 2,734 dealers were forced to close their business, says Faconauto, the Spanish federation of official auto dealers associations. About 5,735 ...
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