Monday, July 2, 2012

Registrations for new cars dropped 8.2 per cent.

Spain new car sales plunged to a 19-year low level in the first half of this year, said figures released jointly by auto manufacturing and sales associations.
They said "This puts us at 1993 levels,".

ANFAC said, The number of cars sold in the first half of this year stood was 406,070, 8.2 percent less than in the previous year.

Juan Antonio Sanchez Torres, head of the National Association of Sellers of Motor Vehicles, Repairs and Parts said "Visitor numbers to Spanish showrooms fell 30 per cent in the first months of the year,".

"This was due to economic factors such as the domestic demand crisis, worsening recession and lack of credit."
Spain’s unemployment rate, increased to 24.6 percent in May from 24.3 percent a month earlier.

"The lack of consumer confidence shows people are not taking advantage of some of the best offers on record being made by the car manufacturers and concessionaires,"  said Aranzazu Mur, economics chief at the Spanish Association of Automobile and Truck Manufacturers (ANFAC).

"The auto market in our country has not hit bottom ... 2012 will see just 720,000 new registrations, levels not seen for a quarter of a century," ANFAC said.


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