ANFAC reported increases in sales across both truck and bus sectors in May 2023.
Spain’s ANFAC Reports an Increase in Vehicle Sales
Registrations of light commercial vehicles reached 12,048 units in May, an increase of 10% over last year. Up until May, the market registered an improvement of 22.1%, reaching 56,842 units. Most sales were to corporate customers, whilst sales to private operators and rental operations declined.
In May registrations of industrial vehicles, buses, coaches, and minibuses achieved a considerable increase of 27.4 per cent, with a total of 2,486 units. In the first five months 12,636 sales were reached, improving by 20.8 per cent over the same period compared to the previous year. By type, commercial vehicles continue their growth streak, with 25.1% in May and 2,219 units. Meanwhile buses, coaches, and minibuses, with 267 units registered in the month improved by 50%.
Félix García, director of communication and marketing of ANFAC, explained that; “May adds another positive month during 2023. The market grew by 8 per cent compared to the same period of the previous year. With five months passed, we expect that the end of the year figures could be around 950,000 units, 25,000 more than the most optimistic forecast we had in January. However, we must be cautious. The uncertainty of individuals and companies about which vehicle to buy is still latent, and more so now, with the call for general elections that usually paralyses economic activity. It is necessary to recover the market volumes prior to the pandemic that guarantees both the competitiveness of our industry and the maintenance of the jobs that the automotive sector generates”.