New car sales in Spain fell 20.3% year on year in November.
The tally of 48,155 was not as bad as feared, according to ANFAC, the Spanish car makers’ association.
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In October, the government launched a EUR2,000 new car subsidy scheme designed to soften the impact of increasing the value added tax on cars by 3% in September.
The subsidy scheme is funded partly by Madrid and partly by the carmakers.
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