Plunging Monthly Drops Affecting Spanish LCV Market, Although Industrial Vehicles Market Gathering Traction
With November 2021 yielding 10,472 light commercial vehicle (LCV) sales, this is a stark drop from this time last year when there were 15,630 sales in November 2020. Due to the market shrinking, sales for the year-to-date are 140,984 against 141,491 for November 2020 in figures released by la Asociación Española de Farbicantes de Automóviles y Camiones, or ANFAC (the Spanish Association of Automobile and Truck Manufacturers).
LCV Market Sees Year-to-Date Sales Fall Behind 2020 Levels
After a successful first six months, the LCV market is seeing significant drops, with three consecutive months where the market has shrunk by a third. It seemed almost definite that the market would record better figures than severely pandemic-ridden 2020. With the semi-conductor shortages continuing to depress the market, it seems fair to expect 2021 will not improve on 2020 levels.
In better news for the market, industrial vehicles are coming out ahead in 2021. Although November yielded a sizeable drop in sales (2,038 industrial vehicles have been registered this year against 2,455 sales last November, representing a 17% decline), 2021 is trouncing 2020 levels. So far this year, the market is close to 20,000 sales, with 19,296 vehicles registered. In 2020, the figure was only 17,703, representing a pleasing 9% increase.
With 245 buses registered in November, this is a clean 10% increase on November 2020's 223 sales. However, like LCVs the market has not improved on the already weak 2020 levels. So far this year, 1,779 buses have been registered, against 1,893 for January-November 2020. With a 6% drop, it's safe to predict that 2021 will not be a year of recovery for the sector.