Spain’s automotive industry foresees promising 2024

The Spanish automotive sector increased both production and exports in January, Kallanish notes.

“Car output has started the year at a good pace, confirming the sector’s recovery and approaching pre-Covid-19 figures, at only 3.9% below 2019,” comments national automotive association Asociación Nacional de Fabricantes de Automóviles y Camiones (Anfac) president José López-Tafall. “Our goal is to return to the 2.8 million vehicles produced before the pandemic and to make Spain an electromobility hub in Europe. The automotive industry must be a priority for the government’s industrial policy to generate a favourable scenario for investment.”

Production in January reached 230,956 units, an on-year growth of 18.7%.

Meanwhile, Spanish vehicle exports reached 201,454 units in the month. This volume was up 14.7% on-year, supported by higher supplies to Europe.

Shipments in Europe represented 91% of the country’s total exports in January, up 1.3 percentage points, with France, Germany, the UK, Italy and Turkey being the top destinations, Anfac data show.

Todor Kirkov Bulgaria