Car sales in Spain fall 13.9% in March to 72,677 units

Article by Anita Panait, on April 3, 2013

Car sales in Spain dropped 13.9 percent year-on-year in March 2013 to 72,677 units, no thanks to a seasonal effect that offset a government subsidy scheme designed to stimulate the carmaking sector. According to industry association Anfac, carmakers sold 180,724 vehicles in the first three months of the 2013, reflecting an 11.5-percent decline compared to the same period in 2012.

According to Anfac, the subsidies aimed at stimulating car sales are helping the auto sector avoid sharper declines. The industry association remarked that the March numbers were impacted by the seasonal effect of Easter, which resulted to the loss of three working days.

Spain’s subsidy scheme was reintroduced in October 2012, and has been instrumental in encouraging private customers to purchase vehicles and has resulted to around 1,000 new deals a day, Anfac said.

Under the subsidy program, a customer who turns in a used car get a EUR2,000 rebate on a new car. The rebate is funded in part by the state and in part by the carmaking industry. Anfac communications head David Barrientos in a statement said that the company car sector continues to be very worrying as it continues to post declines of over 20 percent. Car sales in the country are deeply affected by high unemployment and limited credit.

Topics: spain, sales

If you liked the article, share on:


Login or Create new account to add a comment!


Mitsubishi is now officially part of the Renault-Nissan alliance after Nissan took over the Japanese car company recently. We know a lot has been happening in the car industry, but...
by - October 24, 2016
Driving the newest 2017 BMW 5-Series (G30), Clive Owen (Closer, Children of Men) returns to his role as “The Driver”. In this latest installment, what initially starts as a simple...
by - October 24, 2016
Many had wished that a Lamborghini Huracán Superleggera would somehow make a surprise debut at the recently held Paris Motor Show. Sadly, not a single Lamborghini appeared anywhere in sight....
by - October 24, 2016
Aston Martin and Red Bull Racing teamed up for the first time in creating what looks like one of the most ferocious beasts in history. The British car manufacturer has...
by - October 24, 2016
German premium carmaker Audi is reportedly planning to buy back around 25,000 Audi Q7 SUVs powered by its 3.0-liter V6 TDI engine in the United States. The buyback should compensate...
by - October 24, 2016