New car sales in Spain fell 11% year on year in July to 108,222 units according to the country’s carmaker group ANFAC.
Go deeper with GlobalData
Discover B2B Marketing That Performs
Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.
This compared to 96,706 units in June, when sales were 16% lower than in 2008, ANFAC added.
The sales fall has slowed since the May introduction of a EUR2,000 (US$2,800) subsidy for new car buyers struggling to counter credit restrictions and soaring unemployment.
ANFAC expects the US$284.9m subsidy to boost 2009 sales by 100,000 units.
It supplements the government’s EUR700m ($995.4m) Plan-Vive, which subsidises the acquisition of energy efficient cars and old vehicle replacement.
