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  2. Passenger cars market continues to decline and fell by 26.3% in the first quarter   (10/05/2011)

This news article was originally written in Spanish. It has been automatically translated for your convenience. Reasonable efforts have been made to provide an accurate translation, however, no automated translation is perfect nor is it intended to replace a human translator. The original article in Spanish can be viewed at El mercado de turismos continúa a la baja y cae un 26,3% en el primer cuatrimestre

Passenger cars market continues to decline and fell by 26.3% in the first quarter

May 10, 2011

Registrations of passenger cars registered during the month of April, a decline of 23.3%, with a total of 71.808 units. The cumulative period shows a decrease of 26.3 per cent, with a total volume in the first quarter of the year of 279.960 units. For the purpose of eliminating the seasonal effect of Holy week, it is necessary to stress that during the months of March and April there has been a decrease of 26.6%, almost equal to the trend of the first two months of the yearWhen the market fell by 26 per cent.

Channels, we must highlight the good behavior with sales to companies with a growth of 8.6% to date, and a total of 88.230 units. The demand for rental companies has been an increase of 13%, with a total of 68.632 registrations made in the period enero-abril. Finally, sales to private individuals descend a 53.4% in the month and 48.2 per cent in the cumulative period, with a total of 123.098 units. Currently, sales to not hire and rental companies now account for 56% of the market. In this regard, Luis Valero, director-general of the Spanish Association of manufacturers of cars and trucks (ANFAC) said: "We must be realistic in the analysis and the market continues with its negative trend, despite the important efforts made by the brands"", as for example, support for the Barcelona show being held this month of May and that we hope will help to encourage the market". For his part, Juan Antonio Sánchez Torres, President of Ganvam, which represents 4,600 dealers and official services and 3,000 sales, said: "if companies and rental companies registrations maintained the positive tone in the coming months and show that the momentum of tourism is not merely seasonal", it might ease the fall of sales scheduled for this year to levels of around 10%. "This will help to make the exercise less bad, in the hope that there is a real improvement in the macroeconomic variables that end moving to microeconomics and, therefore, to automobile demand".

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