Spain’s automobile production, exports remain strong in May

Spain’s car industry saw its performance improve sequentially in May, Kallanish notes.

According to national automotive association Asociación Nacional de Fabricantes de Automóviles y Camiones (Anfac), output in May was 249,515 units, compared to 208,906 vehicles in April. However, this was 0.2% less versus the same month in 2023. Of the total, 78.1% were gasoline and diesel-powered automobiles. Five-month production amounted to 1.11 million units, a growth of 2.9% compared to January-May last year.

“It is positive that we are maintaining an increasing production rate, although growth is contained. The important thing is to close the year at above 2.5 million vehicles produced in Spain,” says Anfac general director José López-Tafall.

He however notes there has been a decline in EV business due to model changes and production readjustments. “It is a priority for manufacturers to sell more plug-in models, both in Spain and abroad. Without demand from this sector, it is difficult to have a large production volume. We are observing in other EU countries how the reduction of purchase subsidies, such as in Germany, generates a drop in sales of these vehicles.”

Spanish vehicle exports rose, supported by increasing demand in markets outside Europe and stable supplies to the EU. Shipments in May were at 221,354 units, compared to 181,996 units in the previous month and 0.3% higher than in May 2023.

European markets had a 93.5% share in Spanish deliveries in May, up 1.1 percentage points on-month and up 3.9pp on-year. Five-month exports improved 1.1% over the same period in 2023 to 983,338 vehicles, Anfac data show.

Todor Kirkov Bulgaria

kallanish.com