Spain’s 2023 car production improves, outlook positive

Spanish automotive sector activity was weak in December, but 2023 full-year performance surpassed that of 2022, Kallanish notes.

“Annual production improved, but the domestic sector remained weak compared to pre-Covid-19 years,” comments national automotive association Asociación Nacional de Fabricantes de Automóviles y Camiones (Anfac) president José López-Tafall. “The improvement and stability of both the production and supply chain, as well as the evolution of markets in Europe, allow us to think that the positive trend will also continue in 2024.”

According to the executive, Spain has the resources to build a leading industry and a reference as a hub for electromobility. “This year will be decisive for electrification and we must make clear progress in the implementation of charging points and the promotion of the purchase of electric vehicles,” López-Tafall adds.

Output in December was 142,052 units, down 18.9% versus the same period in 2022. Full-year production amounted to 2,451,221 vehicles, which was 10.4% higher over 2022. From the total, EVs represented 13.5% or 332,225 units, an increase of 21.3% y-o-y.

Meanwhile, the country exported 129,574 vehicles in December. This was 15.4% less compared to a year earlier. European markets had a 91.4% share in Spanish deliveries that month, with France, Germany, the UK, Italy and Turkey being the main destinations. In 2023 exports rose 13.9% over 2022 to 2,201,802 vehicles, Anfac data show.

Todor Kirkov Bulgaria