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 ...
Premium Content (PAID Subscription Required)
"Spanish Car Market in Freefall" 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.