Spanish Immigration focuses on Spanish Immigration Life: According to a report from Reuters on May 14, the Spanish government announced that it will extend the "New Car Purchase Subsidy Program" again, encouraging citizens to trade in old cars for new ones. This is the seventh additional allocation by the Spanish government for the car purchase subsidy program.
Spanish Deputy Prime Minister Soraya Saenz de Santamaria stated that the total allocation for this car purchase subsidy program is 225 million euros, which is expected to greatly stimulate car sales.
On May 24, Spain will hold local and municipal elections, with the election campaign having kicked off last week. According to data from the Spanish Automobile Industry Association (ANFAC), new car sales in Spain in April reached 82,715 units, a year-on-year increase of 3.2%; while the cumulative new car sales in the first four months of the year increased by 24%, reaching 349,857 units. As of April, new car sales in Spain have risen for 20 consecutive months.
The efficient car stimulation program aims to promote the scrapping of old cars, improve road safety, and support the development of the country's automotive industry.