MADRID – The Spanish car market closed September with only 56,595 units sold, a 27.2% drop from year-ago that marked the third-straight month of decline. “It has been worse than we expected,” says German Lopez, president of ANIACAM, the Spanish association of auto importers. A decline in sales was anticipated as a result of the end of the 2000E Plan government incentive and a 2-point hike in the value-added tax to 18%, but Lopez says he now fears the market won’t reach 900,000 units for ...

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