Spanish automobile production grows on-year in June

Spain’s automotive sector saw performance increase year-on-year in June, Kallanish notes.

According to national automotive association Asociación Nacional de Fabricantes de Automóviles y Camiones (Anfac), output in June was 235,749 units, up 1.4% versus the same period in 2022. Six-month production amounted to 1.31 million vehicles, up 16.1% over January-June last year.

“Step by step, the automotive industry is recovering its stability, demonstrating its capacity for resilience,” comments Anfac president José López-Tafall. “Production grew in June, despite performance being exceptionally high in the same period in 2022 when the sector saw an oversupply of components that had been missing in previous months. Exports were also positive due to strong demand from the markets in which the sector operates, while the domestic market is still far from pre-pandemic levels.”

Meanwhile, higher demand from Germany, France, Turkey, Italy, and the UK boosted Spanish vehicle exports. In June, the country shipped abroad 211,984 units, up 10.1% compared to a year earlier.

European markets had a 91.5% share in Spanish deliveries that month, a 0.3 percentage point growth on-year. January-June exports rose 22.1% over the same period in 2022 to 1.19 million vehicles, Anfac data show.

Todor Kirkov Bulgaria