Follow Spanish Immigration and Spanish Economic updates: The Spanish Automobile Manufacturers Association (ANFAC) recently announced that thanks to the government's incentive program, the Spanish automotive market achieved a strong rebound in September, with new car sales increasing by nearly 30% year-on-year.
In September of this year, Spain saw new car sales reach 45,175 units, a significant increase of 28.5% compared to 35,148 units during the same period last year, while new car sales in August were still down nearly 20% year-on-year.
Nevertheless, Sanchez Torres, president of the car dealers and sales association Ganvam, pointed out: “The market performance last month should not be seen as a reason to celebrate, but it can be viewed as a sign that we are beginning to gain some breathing space.” ANFAC had indicated earlier last month that the government's incentive measures were expected to drive local new car sales growth in September. In the first three quarters of this year, total new car sales in the Spanish market reached 546,435 units, compared to 555,364 units during the same period last year, reflecting a year-on-year decline of 1.6%.
Spain was once a major manufacturing country, with many international automotive brands establishing production lines in Spain. In recent years, due to rising costs, many automotive brands have withdrawn from Spain, retaining only certain parts processing production lines in the country.