Spanish Registrations Up But Forecast Remains Bleak
La Asociación Española de Fabricantes de Automóviles y Camiones (ANFAC) has released its latest registration figures for September 2022 showing an increase month on month in LCV registrations, with a slight increase in bus registrations.
Spanish Vehicle Registrations Show Monthly Uptick
Starting with LCVs, ANFAC announced that 4571 units were registered in September an increase of 3.6 per cent on the previous September. However, on year to date comparisons show 86,756 registrations to date, still 27.7 per cent below 21021 registrations. Madrid saw some 4889 new vehicle sales, up by 3.4 per cent on September 2021.
The industrial vehicle segment saw 1,942 registrations in September, 22.8 per cent ahead of 2021's performance. This puts industrial vehicle registrations up to 16,380 for 2022, a 10.3 per cent increase on the 2021 figures.
Moving on the bus segment recorded a slight increase in registrations with 409 units sold, up by 2 per cent. However, figures for the year to date show an increase of 30.9 per cent over the previous year. Iveco and Mercedes Benz were the biggest sellers with 70 and 66 units apiece
According to the communication director of GANVAM, Tania Puche; “the data recorded in September shows a slowdown in the market decline. Vehicle production has experienced moderate growth as a result of a slight improvement in the supply of materials, which has allowed the distribution networks to fulfil the delivery of pending orders. However, we cannot lose sight of the fact that we are still far from the pre-pandemic figures and the supply of components is still volatile, so we are facing an uncertain autumn that does not yet allow us to speak of a recovery. In fact, the 2022 financial year will again close well below 900,000 units, that is, it will be as if we had been three years in a row with a quarter less activity.