New car sales race ahead

Image - Vall d'Ebo: David Barber Mas/shutterstock

DATA relating to new car sales in Spain show that the number of new vehicles registered in April this year was a huge 20 per cent higher than in 2015. This increase confirms the rising trend over the last two years of the popularity of purchasing new cars in Spain. It is expected that the figures for the whole of April for the total number of new cars sold will reach just under 100,000. Just under half of the purchases were sold to individual buyers whereas the other half were sold to rental companies and businesses, which are sectors that have both seen huge growths of between 20 per cent and 40 per cent in comparison to April 2015.

In fact, with a 6.9 per cent increase in sales when compared to last year, the quarterly registration total of 285,000 show that the Spanish economy recovery is certainly strong and doesn’t show signs of slowing down. In fact, the GDP is still growing annually at a rate of 3.4 per cent and this is having a knock-on effect with the car buying public. 

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Written by

John Smith

Married to Ophelia in Gibraltar in 1978, John has spent much of his life travelling on security print and minting business and visited every continent except Antarctica. Having retired several years ago, the couple moved to their house in Estepona and John became a regular news writer for the EWN Media Group taking particular interest in Finance, Gibraltar and Costa del Sol Social Scene. Share your story with us by emailing [email protected], by calling +34 951 38 61 61 or by messaging our Facebook page www.facebook.com/EuroWeeklyNews

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