The Spanish Prever car scrapping programme will continue through 2005 before it is reviewed in 2006, a spokeswoman for Spanish automobile, truck, bus and motorcycle importer association Aniacam told just auto.
Go deeper with GlobalData
Prever allows consumers to save €720 by trading their old car for a new or near-new model.
The incentive helped propel Spanish car sales 10% to a record 1.5 million units last year, industry observers have said.
According to Aniacam, Spaniards traded in 409,537 vehicles under the programme last year, up 26.6% from 2003.
Anicam expects the scheme to continue boosting sales this year although other factors including the prospect of higher interest rates could restrain purchases.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalDataSpanish manufacturer federation Anfac expects car sales to range between 1.45-1.5 million units this year.
Ivan Castano
