Spanish investment immigration focuses on Spanish financial information: The Spanish Automobile Manufacturers Association (ANFAC) recently announced that, driven by calendar effects and government subsidy programs, new car sales in Spain experienced their first growth since August of last year in April, while last month the country's new car sales fell again.
In May of this year, new car sales in Spain dropped from 72,444 units in the same period last year to 70,534 units, a decrease of 2.6%. Driven by government incentives, retail sales in the Spanish market last month increased by 14% compared to the same period last year, but this growth was not enough to offset the 14% year-on-year decline in fleet sales.
Compared to previous months, several car manufacturers in the Spanish market saw sales recover last month, with brands experiencing year-on-year growth including Audi (up 6.9%), BMW (up 2.1%), Dacia (up 26.6%), Ford (up 11.8%), Mercedes (up 37.2%), and Opel (up 16.9%).
In the first three months of this year, new car sales in Spain hovered around a year-on-year decline of about 10%. However, due to a 10.8% increase in sales in April, the cumulative sales in Spain for the first five months reached 313,576 units, reducing the year-on-year decline to 5.8%.
