The agency found that the practices of these companies are typical of a cartel and tested gave an infringement consisting in the “systematic exchange of commercially sensitive confidential information covering virtually all of the activities.”
In addition, explained that accredited anti-competitive practices were conducted in three different areas: business management, sales and marketing. On the other hand, the CNMC reported that the Volkswagen Group was exempted from the fine for providing information to the agency. The full sanction of the companies of the German manufacturer (Seat, Audi and Porsche) were fought amounts to US $ 43 million.
The combined market share of the brands that have participated in the practical means 91 % of car distribution and includes almost all generalist brands and one of the ‘premium’.
Among the companies registered with higher penalties include General Motors (US $ 25.2 million), Ford ( US $ 22.3 million), Renault (US $ 20.1 million), Peugeot (US $ 17.3 million), Citroen (US $ 16.3 million) and BMW (US $ 8.8 million).
Spanish Market in sight
The Spanish Association of Automobile and Truck Manufacturers (ANFAC) stepped out of the fine and said the Spanish market ” is one of the most competitive in Europe. “
The organization explained that there are more than 50 brands in Spain, with a range of between 11 and 14 models for signature, and noted that no company has a market share exceeding 10%.
In this regard, he said that there are 10 brands with a market penetration of between 4% and 10%, while the top 10 market not monopolize 70% total sales figure in other countries reaches 75%.
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