The Spanish automotive sector saw a year-on-year recovery in production in July but lost strength during the August holidays. Exports followed a similar seasonal pattern, Kallanish notes.
National automotive association Asociación Nacional de Fabricantes de Automóviles y Camiones (Anfac) released July and August figures jointly due to the summer seasonality.
Output in July and August reached 204,142 units and 91,837 units, representing growth of 34% and a 17.9% decline on-year, respectively. Eight-month cumulative production amounted to 1.61 million vehicles, up 15.3% over the same period last year.
A recovery in sales in major markets boosted Spanish vehicle exports in July. Exports totalled 188,062 units, up 38.2% y-o-y. In August, however, shipments declined sequentially by 49.1% to just 95,622. This volume was down 8.1% on-year. Spanish eight-month exports grew 21.3% over January-August 2022 to 1.47 million vehicles.
European markets represented 90% of Spanish deliveries in both July and August, Anfac data show.
Todor Kirkov Bulgaria
