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The first fortnight of July sees a 14% drop in car sales
According to the latest data from Facua - the Federación de Asociaciones de Concesionarios de Automoción Federation of Associations of Car Dealers - sales during the first 15 days of July fell by around 14% compared to the same period last year, something that was foreseen by the sector back in June.
Car sales have been positive for the last ten consecutive months. This good run was cut short in July with a significant fall in registrations in the first fortnight of the month. Sources within the sector forecast that this drop would occur whenever the scrapping subsidy, known as the Plan 2000E in Spain, came to an end.
Sources at Faconauto state that the drop in car sales recorded in the sector during the first half of July is much worse than they had predicted to start with. It is now forecast that the second half of July will see a more moderate fall in sales and for the overall level of sales to be compensated over the whole month.
An analysis of the figures by distribution channel, according to the figures released by Faconauto, sales to private purchasers fell by 38%, whilst deliveries to companies rose by 14%. Turning to the regional results, Navarre was the province that saw the highest fall in sales, 63.1% fewer sales, whilst the Canary Islands saw the largest increase in registrations during the first fortnight of July, with a rise of 32% recorded.
7/19/2010
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