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Vehicle registrations in Spain grow 128.0% year-on-year in March: ANFAC

MADRID, Apr 1 (Reuters) – Vehicle registrations in Spain registered a 128.0% year-on-year increase in March, to 85,819 units sold, according to data from the Spanish Association of Automobile and Truck Manufacturers (ANFAC) released Thursday.

In the accumulated in the first quarter, a 15% fall was registered, accusing the impact generated during this period by the restrictions against COVID-19 planned for Easter, which have notably limited activity in the tourism sector and travel in the the whole of the Spanish territory.

The ANFAC pointed out that the growth observed in the month of March 2021 should not lead to think that the market is experiencing a recovery, since the comparison figures for 2020 correspond to the days in which the dealerships already had to close for the pandemic, due to the declaration of the state of alarm and national confinement.

Thus, in a longer-term comparison, registrations for March in 2021 fell by 30% compared to the same period in 2019, while the accumulated for the year registers a fall of 41.3%, to 18,6061 units, compared to the same period. two years ago.

“The comparison of sales for the first quarter of 2021 with respect to the same period of 2019 reveals that the recovery is far from reaching the automotive sector in Spain. With a cumulative fall in the quarter of more than 40%, no sign is detected in the short term that suggests that this reduction in the market is going to be offset shortly “, commented ANFAC in its press release.

(Information from Flora Gómez; edited by Tomás Cobos)

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