Spain’s 2024 New Car Sales Exceeded The Million Mark in 2024

2026-03-11 Leave a message

 

 

          According to Reuters, data show that Spanish sales in December 2024 increased by 28.8%year -on -year, thereby promoting Spanish new vehicles in 2024 to increase by 7.1%year -on -year to 102,000 units. This is the first time since the new crown epidemic has exceeded the 1 million mark. However, analysts and industry sources said that this should not be regarded as a sign of the Spanish automotive industry, because the industry still faces a severe situation in 2025.

 

         Felipe Munoz, an analyst of market research company Jato Dynamics, said that the changes in the trend of automobile use, the high car price, the uncertainty of the electric vehicle policy, and the fierce competition from the Chinese car brand are expected to bring challenges to the Spanish automobile industry. 

 

         Felipe Munoz said that the growth trend of new vehicle sales in Spain seems to be temporary. Due to the slowdown in the demand for car in the new crown, the growth rate of new Spanish car sales has not yet recovered to the level before the epidemic. Felipe Munoz added: “I think Spanish car sales will never reach the level before the epidemic.”

 

         It is reported that in 2019, Spain’s new car sales exceeded 1.3 million vehicles, but in the next four years, Spain’s annual sales fell to about 900,000 vehicles.

 

         At the same time, Felipe Munoz said that after the crisis of the semiconductor shortage, although European auto manufacturers focused on reducing sales and focusing on increasing the price of automobiles, they still received a record of a record. However, Felipe Munoz added: “Before 2024, this strategy was very effective for European auto manufacturers, but in 2024, Chinese auto brands began to penetrate more successfully to the European market. At this time, European auto manufacturers’ consciousness By the comparison, their car is too high. “

         Spanish automobile parts manufacturer GESTAMP chief financial officer Ignacio Mosquera said that because of its business in different regions, the company is less affected by the decline in sales of Spain and Europe. The industry lacks a clear policy, and it is currently urgent to take more measures to promote the development of the European automobile industry that is trapped.

 

          “If there is no government support, the demand for car will be uncertain if there is no government support. People do not know which car to buy, so it will decide to extend the service life of the vehicle, which will lead to a reduction in car sales.”

 

          Jose Portilla, the head of the Spanish Automobile Parts Manufacturer SERNAUTO, also said that the Spanish government needs to provide more support to motivate electric vehicles to sell. “If we can strengthen the construction of charging infrastructure, electric vehicles will become more affordable, and the subsidy will be issued to consumers immediately when purchasing electric cars, instead of one and a half or two years, this will greatly promote the Spanish automobile market Growth of demand “”