SEAT Ibiza top seller in shrinking market.
MADRID – Hard times for Spain’s auto industry will continue when the government raises the value-added tax from 18% to 21% in September. Pressure from the European Commission to slash the public debt has prompted the increase, which will add an average €650 ($783) to the price of a new car. Sources from ANFAC, the association of auto makers with plants in Spain, say the higher VAT will reduce sales between 16,000 and 20,000 units this year, to about 725,000. That is ...
Premium Content (PAID Subscription Required)
"Spanish Auto Industry Warns Tax Hike Will Backfire" 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!
For WardsAuto.com pricing and subscription information please contact
Lisa Williamson by email: firstname.lastname@example.org or phone: (248) 799-2642