SPAIN: LCV and Bus Segment Drops off in July
Traditionally a strong month for automotive registrations in Spain, ANFAC has published its latest figures for July with noticeable drops in the light commercial vehicle and bus sectors.
ANFAC Post Latest Registration Figures
As usual, we start by analysing the registrations in the light commercial vehicle segment which registered a year-on-year fall of 17.9% with 11,279 units sold in July. This has put the year-to-date figures 33.1% in arrears against 2022.
The Comunidad de Madrid was the most active region in Spain for July with 4,741 light commercial vehicles registered in the month. Cataluña followed behind with 1,461 registrations as both regions ended up turning in 17.1% and 22.3% declines for the month.
The bus sector reported similar performance to the light commercial vehicle sector as July saw a 24.2% fall against 2021’s benchmark with 116 buses registered. On a positive note though, the sector does remain 36.7% ahead of 2021’s performance in the year-to-date standings. The Comunidad de Madrid and Cataluña reported the highest numbers of registrations with 26 and 27 units sold respectively. In terms of brands, MAN and Volvo proved to be the most popular in July as they were responsible for 43 of the total units sold in the month.
Finally, our attention turns to the industrial vehicle sector which turned in a 23.5% jump on July 2021 with 1,726 registrations helping to push the sector 7.2% ahead at the same stage of the year. The Comunidad de Madrid was proven again to be the most active region in the country with 427 registrations with Cataluña following in second with 284 units.
Felix Garcia, the Director of Marketing and Communications for ANFAC said, “Traditionally July proves to be a good month for sales, but this year it has closed with a significant drop. The bad economic situation is proving to be a big deciding factor in the consumer’s purchasing decision which has been aggravated further by inflation rises and energy prices.”