Spain’s car industry saw its performance decline in June, Kallanish notes.
According to national automotive association Asociación Nacional de Fabricantes de Automóviles y Camiones (Anfac), output in June was 218,950 units, compared to 249,515 vehicles in May. This was also 7.1% less than the same month in 2023. Of the total, 75.4% was gasoline and diesel-powered automobiles. Six-month production amounted to 1.33 million units, just 1.1% more compared to January-June last year.
“Despite the decline observed in the last two months, the overall annual rate remains stable and above that of the previous year,” says Anfac general director José López-Tafall.
He however notes there has been a decline in electrical vehicle 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. The end of purchase subsidies in countries like Germany, one of our main export destinations, is causing a sharp drop in demand, which is affecting orders at our factories.”
Spanish vehicle exports fell in June. Shipments were at 186,813 units, compared to 221,354 units in the previous month and 9% lower than in June 2023.
European markets had a 93.5% share in Spanish deliveries in June, unchanged on-month and 2.3 percentage points higher on-year. Six-month exports slipped 0.5% over the same period in 2023 to 1.17 million vehicles, Anfac data show.
Todor Kirkov Bulgaria