Car sales down

SALES DOWN: Car industry is experiencing a downturn. Credit Shutterstock.

CAR and SUV registrations experienced a 37.4 per cent drop in the first 20 days of August, to 30,691 units, according to data from the National Association of Vendors of Motor Vehicles, Repair and Spare Parts (Ganvam).

This sharp decline in the annual comparison is explained by the entry into force, on September 1, 2018, of the new WLTPemissions regulations, which led brands to give big discounts to reduce their stocks of non-approved vehicles. This generated a sharp increase in registrations in August 2018.

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In the year so far up until August 20, the Spanish market saw a total volume of 839,850 units sold, which translates into a fall of 7.7 per cent.

Company fleet purchases fell the least at 265,480 units, (2.7 per cent fewer), followed by hire companies, with 202,138 units, (-3.1 per cent) and private sales were at with 372,232 units, (-13.1 per cent).


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