Wednesday, November 2, 2016

The end of subsidies to individuals it slows down the sales of cars in October – Reuters Spain

(Reuters) – sales of new cars to private individuals suffered in October after the expiry of the eighth and last plan grants public PIVE, although the pull of sales to companies and rental car companies more than compensated for the fall in enrolment in the particular channel.

last October, 83.248 new cars were registered in Spain, an increase of 4 percent over the same month last year and its best recorded for this month in the past seven years, according to data presented Wednesday by Anfac, the employers ‘ association of the car manufacturers in Spain.

The particular channel declined by 2.3 percent in October, while that of enterprises increased by 10.9 per cent, and that of the companies rent a car 36.7 percent thanks to the favorable evolution of tourism in Spain.

In the first 10 months of the year has accumulated a volume of 874.220 registrations, a rise of 10.8 per cent compared with the same period of the previous year.

Anfac said that these figures point to more than 1.1 million registrations for this year in line with the forecasts in the sector.

© Thomson Reuters 2016 All rights reserved.

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