As last week the Spanish government announced an unemployment rate of 21.5% with a zero economy growth in the third quarter, the auto market also registered what was called “the worst October in history”, with a sales plunge of 6.7% reaching the 1993 figures.
According to the data provided bt the association for car producers (ANFAC) and salespeople (GANVAC), in Spain were sold 57,278 vehicles in October, with 6.7% less than in the same month last year.
On a cumulative basis, in the first ten months of 2011 were sold 681,205 vehicles, a decrease of 19.7% compared to the 848,558 cars sold in January – October 2010.
Until the end of the year the number of vehicles sold is expected to reach 820,000 vehicles, a major fall compared to the initial estimation of one million.
With more than 42% of the cars on the road having an age of more than 10 years, the GANVAN and ANFAC associations also warned about road safety and environmental impact.