Spain immigration focus on business in Spain: According to foreign media reports, the Spanish automotive market has maintained a significant upward trend this year, with annual new car sales expected to exceed 1 million units, returning to this level for the first time in five years.
The Spanish Association of Automobile Manufacturers (ANFAC) expects passenger car sales in the country to see strong growth of 23% in 2015, reaching 1.05 million units. Last year, new car sales in the country grew by 18% year-on-year, totaling 855,308 units.
Meanwhile, new vehicle registrations, including industrial and commercial vehicles, are expected to increase by 22.7% year-on-year to reach 1.21 million units.
In 2006, new car sales in Spain reached a peak of 1.63 million units, but subsequently experienced a decline, falling below 1 million units in 2009 to a total of 952,772 units.
Benefiting from the government's repeated extensions of vehicle purchase subsidies, cumulative new car sales in the country for the first seven months of this year climbed 22.3% year-on-year to 658,144 units, making it one of the fastest-growing markets in Europe.
