Spainish ccar sales are showing definite signs of decline, the national vehicle manufacturers’ group ANFAC has said after releasing provisional data for new car registrations in July. As a result, ANFAC said, its forecast for total unit sales for 2000 will probably be revised downward.
New car registrations totaled 150,140 in July, down 6.59% on the 160,737 recorded in July 1999, ANFAC said.
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Although the total number of new registrations this year has been more than in the same period last year, the gap has been narrowing in the last month. In January-July 2000, registrations totaled 910,255, ANFAC said, up a mere 3.09% on the 882,948 recorded in the first seven months of 1999. In the first six months of 2000, car sales were up 5.46% on the first half of 1999.
Anfac said that as a result of this new trend, its full-year forecast of 1.5 million unit sales is no longer “realistic” and “should probably be revised downwards significantly.”
