Spain’s car industry began to recover in October after three months of poor performance, Kallanish notes.
According to the country’s automotive association, Asociación Nacional de Fabricantes de Automóviles y Camiones (Anfac), output in October was 227,850 units, compared to 205,418 vehicles in September. This volume was 2.2% more than in the same month in 2023. Of the total, 74.5% were gasoline and diesel-powered automobiles.
Ten-month production amounted to 2.02 million units, a decrease of 1.2% compared to January-October last year.
“Although vehicle production remains stable and we could have similar [annual] levels as last year, if the upward trend continues in the next two months, we are concerned about the drop in the production of electrified vehicles,” says Anfac general director José López-Tafall. “This must see immediate measures to boost sales of EVs. If there is no demand, there is no production.”
Spanish vehicle exports rose in October. Shipments were 200,363 units, compared to 185,327 units in the previous month and 1.2% more than a year ago.
European markets had a 94.1% share in Spanish deliveries in October, 1.4 percentage points more on-month and 5.4pp higher on-year. Ten-month exports slipped 2.4% over the same period in 2023 to 1.79 million vehicles, Anfac data show.
Todor Kirkov Bulgaria
