Components shortage impacts Spain’s car industry in March

Spanish car production suffered input material supply problems during March, Kallanish notes. The country saw a shortage of components at several plants, a consequence of the delays caused by the Red Sea shipping crisis. Production and exports also declined following lower demand during Easter.

Output in March was 195,252 units, compared to 227,923 vehicles in February and down 17.7% versus the same month in 2023. Three-month production amounted to 654,825 units, 0.5% less from January-March last year.

Meanwhile, Spanish vehicle exports slipped due to lower demand in markets outside Europe. Supplies were 174,138 units, a fall of 14.7% on-month and 16.8% weaker than in March 2023.

European markets had a 92.7% share in Spanish deliveries in March, down 0.5 percentage points on-month, but up 2.5pp on-year. Three-month exports declined 1.8% over the same period in 2023 to 579,988 vehicles, Anfac data show.

Todor Kirkov Bulgaria