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)
"Printer-friendly" 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.