February 12, 2012

 

Scrappage continues to slow Spainish car sales decline

Spanish car sales in July have fallen 10.9 percent compared with July 2008 according to Spanish carmakers' association ANFAC.

Spain began offering 2,000 euro ($2,849) subsidies to new car buyers on May 18 and ANFAC said it expects the 200 million euro subsidy plan to boost 2009 sales by 100,000 units.

The 10.9 percent fall marked the 15th consecutive monthly fall for the market, but before the scheme was launched Spanish car sales had been in free fall, with a 45.6 percent year-on-year drop in April.

Source: Reuters

 

 

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