economy and politics

Car sales rise 3.4% in July and accumulate a rise of 5.6% so far in 2024

Car sales rise 3.4% in July and accumulate a rise of 5.6% so far in 2024

Aug. 1 () –

Registrations of passenger cars and SUVs in Spain reached 83,979 units in July, with an increase of 3.4% compared to the same month in 2023, while so far this year they have risen by 5.6%, according to data from the associations of manufacturers (Anfac), dealers (Faconauto) and sellers (Ganvam).

Specifically, in the first seven months of the year, registrations totalled 619,224 units, still 23.4% below the figures prior to the COVID-19 pandemic, those of 2019.

By channel, private customers purchased 40,993 passenger cars and SUVs in July, up 16.8%, and 257,487 units in the year-to-date, up 7.7%, driven by increased discounts, while companies registered 31,599 units in the seventh month of the year (-10.1%) and 211,861 in the year-to-date since January (-10.3%).

For their part, car rental companies acquired 11,387 passenger cars and SUVs in the national market in the last month, which represents an increase of 3.9% year-on-year, while so far in 2024 the figure reached 34.6%, up to 149,876 vehicles.

Light commercial vehicle registrations reached 14,931 units in July, representing an increase of 18.3% compared to the same month last year, while 100,355 units were sold in the first seven months of 2024, 18.4% more than in the same period in 2024.

As for sales by channel in this segment, all improved their figures, with sales to self-employed workers, at 43.1%, growing the most in the month. On the other hand, sales to companies increased by 15.8% and sales to rental companies increased by 3.8%.

By type, derivatives, vans and pick-ups rose by 39.8% year-on-year in July, to 8,508 units, and by 17.5% in the year-to-date, to 52,003, respectively.

“July continues the upward trend of recent months, with a slight growth of 3%, although we are still 23% below pre-pandemic volumes. It should be noted that traditionally July is a month in which more than 100,000 registrations are reached, a figure that we did not reach this month,” said Anfac’s communications director, Félix García.

For her part, the communications director of Ganvam, Tania Puche, has highlighted the “good performance” of purchases by individuals who “have driven the market due to the promotional efforts of distributors” with an average increase in discounts of 18%.

WEAK PERFORMANCE OF ELECTRIC VEHICLES

The market for electrified passenger cars fell by 4% in July, with 8,242 units sold. This drop in sales has caused the market for electric and plug-in hybrid cars to decline in its share of the overall market, with 9.8%.

This figure is even lower than that recorded in 2023, which stood at 10.6%. For the year as a whole, the electrified market remains flat compared to 2023, accumulating 64,127 units and 10.36% of the total market.

The average carbon dioxide emissions of passenger cars sold in July stood at 118.5 grams of CO2 per kilometre travelled, 0.7% lower than the average emissions of new passenger cars sold in the same month in 2023. For the year as a whole, the average was 117.8 grams of carbon dioxide per kilometre travelled, 0.64% less.

“Regarding last month’s registrations, we must unfortunately continue to talk about the fact that the contribution of electrified vehicles and plug-in electric vehicles is still not taking off in our country, it is stuck at approximately 10% of registrations,” said Faconauto’s communications director, Raúl Morales.

STABLE INDUSTRY SALES

In July, registrations of industrial vehicles, buses, coaches and minibuses remained stable compared to the previous year. In the month, 2,876 new units were registered, the same as a year ago. In the year as a whole, 21,459 units were registered, which represents an increase of 18.9%.

By vehicle type, industrial vehicle sales registered a slight decline of 2.9%, with 2,616 units. The bus and coach market achieved a significant increase of 43.6%, with 260 sales in the month.

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