Spain Autos Report Q4 2016

Spain Autos Report Q4 2016

Published: October 2016
Publisher: BMI Research
Product ref: 262833
Pages: 47
Format: PDF
Delivery: Immediate download

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BMI View: The end to scrappage subsidies in July will see car sales growth decelerate in Q416, to be
followed by a decline in 2017 as the market adjusts to the loss of purchasing subsidies.

Key Views
¦ Long-term potential for strong car sales growth exists owing to ageing vehicle fleet, but will not be
realised over the next five years owing to the country's weak private consumption outlook.
¦ Commercial vehicles will outperform passenger car sales in 2017 as corporate demand rises from a lower
base compared to household demand.
¦ Vehicle production for export to gain from European recovery.
¦ Large-scale production investments by VW will bolster long-term passenger car output growth.

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By market: Spain (in Europe)

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