Spain - February car sales at all-time high
Car sales jumped by an encouraging 24.6% in February to 108,438 from 87,057. That took the year to date gain to 20.0% at 190,640 from 158,905. The strength of the market is way above expectations. The February result was not only the best ever for the month by a country mile, smashing the 92,972 of February 1989, it set the annualised selling rate well above 1.2 million, and it is still rising. With the Spanish car market only rarely climbing above the 1 million mark, even the most optimistic forecast did not see a chance of more than 1.2 million units being sold in 1999. Yet on the evidence of the sales results for the past five months running, coupled with strong economic forecasts for 1999, then 1.25 million would now be the lowest that can be expected, and 1.3 million is not beyond reach.
Get full access to all content, just $1 for 30 days
A Message From The Editor
just-auto gives its paid members access to the very best automotive market coverage.
And now there’s just-auto plus, our premium membership that gives you exclusive component forecast data, company profiles and extended news coverage - just for premium members.
Today I can offer you 30 days access for $1 - and that includes just-auto plus.
Dave Leggett, editor of just-auto
* plus VAT if applicable