The Spanish automotive sector saw performance improve year-on-year in September, Kallanish notes.
According to the national automotive association, Asociación Nacional de Fabricantes de Automóviles y Camiones (Anfac), output in September was 210,510 units, up 4.8% versus the same period in 2022. Nine-month production amounted to 1.82 million vehicles, which was 14% higher over January-September last year.
Meanwhile, the country exported 197,709 units in September. This was 13.5% more compared to a year earlier. European markets had an 89.6% share in Spanish deliveries that month, a 1.5 percentage point growth on-year, with Germany, France, the UK, Italy and Turkey the main destinations. January-September exports rose 20.3% over the same period in 2022 to 1.67 million vehicles, Anfac data show.
“The improvement is good news for the sector and for the Spanish economy, but we must not relax since the domestic sector remains weak compared to pre-pandemic figures, while we move towards the transformation implied by electric vehicles,” comments Anfac president José López-Tafall.
Essential for the industry will be “changes in taxation, aid for direct purchases, promotion of publicly accessible charging infrastructure and a new industrial policy to guarantee competitiveness and employment amid the challenging geopolitical competition in the sector,” he adds.
Todor Kirkov Bulgaria