Spain new car sales rise 9.3% in Spain in December 2016
Reuters reported that sales of new cars in Spain rose 9.3 % year on year in December to 96,886, a slight slowdown from the pace of growth recorded a month earlier.
Vehicle manufacturing association ANFAC said that in November new car sales were up 13.5% year on year.
A government subsidy scheme for new car purchases, which boosted the auto sector in recent years as Spain exited recession, expired in July. ANFAC said demand for cars from households had been notably weaker in the fourth quarter.
In 2016 as a whole new car sales were up 11 percent from 2015 at 1.15 million, ANFAC also believes that strong vehicle purchases by companies and by a booming tourism industry which drove demand in the rentals sector.
Source : Reuters