Spanish auto dealers cutting payroll as sales slide continues.
MADRID – Dealers franchised by Spanish auto makers registered an average 0.6% loss in net income in 2012, twice the size of the preceding year’s negative result. A survey by Snap-On Business Solutions conducted for GANVAM, the Spanish association of auto dealers, repairers and vendors, shows marked improvement in fourth-quarter 2012, the most recent period studied. This was influenced by a scrappage plan that granted €2,000 ($2,600) to people buying a new or used car up ...
Premium Content (PAID Subscription Required)
"For Spanish Auto Dealers, No Relief From Red Ink" is part of the paid WardsAuto Premium content. You must log in with Premium credentials in order to access this article. Premium paid subscribers also gain access to:
All of WardsAuto's reliable, in-depth industry reporting and analysis
Hundreds of downloadable data tables including:
• Global sales and production data by country
• U.S. model-line inventory data
• Engine and equipment installation rates
• WardsAuto's North America Plant by Platform forecast
• Product Cycle chart
• Interrelationships among major OEMs
• Medium- and heavy-duty truck volumes
• Historical data and much more!
Current subscribers, please login or CLICK for support information.