According to comprehensive reports from Worldway: Data recently released by the Spanish Association of Automobile and Truck Manufacturers (ANFAC) shows that, driven by vehicle purchase subsidies, the country's new car sales continued their 14-month streak of growth in October.
Since September 2013, new car sales in Spain have continued to grow, reaching 76,073 units last month, a year-on-year increase of 26.1%.
In October, Renault surpassed Volkswagen to become the champion of new car sales in Spain, with a strong year-on-year increase of 36.4% to 7,500 units; Volkswagen saw a year-on-year increase of 10% to 6,281 units. However, looking at the cumulative sales for the first ten months, Volkswagen remains in first place, with a total of 65,955 new cars sold, a year-on-year increase of 22.4%.
From January to October this year, automakers sold a total of 716,746 new cars in Spain, an increase of 18.1% compared to the same period last year.
The "Efficient Vehicle Incentive Program" (PIVE) introduced by the Spanish government continues to play a role in promoting the country's auto market. Recently, the Ministry of Finance stated that it will continue to add millions of euros to extend the vehicle purchase plan until the end of the year. This is the seventh time the deadline has been extended since Spain implemented the program.
Worldway Editor
