Passenger cars market continues to decline and fell by 26.3% in the first quarter
May 10, 2011
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".