Registrations are gaining momentum, but still 18% below pre-crisis turnover

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The market grew nearly 13% in September with more than 67,000 units sold despite high inflation and delayed deliveries due to the microchip crisis

The car market continues to recover after the major crisis caused by the pandemic. In September, sales grew for the second consecutive month, this time by 12.7% compared to the same month last year, with a total of 67,240 units sold in Spain. Still, the data is 17.7% lower than that recorded in September 2019, before the pandemic and so far this year a drop of 7.4% has been registered to 600,281 units, according to data from the manufacturers (Anfac), dealers (Faconauto ) and sellers (Ganvam).

The associations recognize that high inflation, increased economic uncertainty and the microchip crisis are affecting both demand and supply volume. This is the main reason why the accumulated data for the year remains negative, despite the improvement in the data for August and September.

All channels finished higher, with sales to leading companies, growing 19% in September with 30,600 units sold. It was followed by the private channel, which rose 6% to 30,314 registrations. Rental companies grow 18% to 6,300 units in September. But the collected data is again negative: 0.6% less for private individuals and 42% less for ‘rent a car’. Naturally, the companies acquired 5.6% more than in the same period last year.

“This is the second month that sales have increased despite the downward market environment and a very unfavorable socio-economic situation. The sector continues with the severe crisis of semiconductors which has become a bottleneck for production and although there is an existing demand from users, the shortage of components is decisive that it can be fully met,” explains Félix García, communications and marketing director of Anfac.

The good September figures are mainly due to the evolution of the sales of industrial vehicles, buses and coaches, which grew by 18.6% with 2,351 units sold. In the total of the year they sold 12% more. However, light vehicle sales fell 3.6% in September to 9,571 units, and in the total recorded decline of 28%.

The Spanish market was dominated in September by alternative energy models, which accounted for 43.9% of sales, compared to the 38% share of petrol and 18.1% of diesel, while between January and last month 42.8. % of the penetration corresponded to petrol models, 17.5% to diesel and 39.7% to vehicles with other technologies.

Source: La Verdad

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