Sales of passenger cars and SUVs will reach the million unit mark by the end of 2023, with a total of 972,829 vehicles and a growth of 20%, according to Unoauto, Sumauto’s specialist new vehicle portal, which remains at the gates of one million units , milestone last exceeded in 2019. In this way, the market will fall below that threshold for three consecutive years that would correspond to our country in terms of population, level of motorization and income per capita. All this in a context of, in this order, post-pandemic, microchip crisis and inflation. An environment of ‘permacrisis’ that still does not prevent the Spaniards from gradually returning to the dealer. Forecasts point to market growth despite rising prices in the general context of inflation. These forecasts show that there is contained demand from car buyers undeterred by the rise in vehicle prices, above €33,000, almost 7% more than in 2022, impacted by higher production costs and more advanced equipment. To this we must add the highest inflation since the mid-1980s, namely 5.8% (end of 2022). Related News standard No Electric sales growth of 45%, still far from the target for 2023 SM Despite this improvement, the electrified market remains at very low volumes with barely 10% share in the month The truth is that the Spaniards are on drawing are the piggy bank generated during the pandemic, when the savings rate grew above 17% in 2020, according to the INE. This ‘cushion’ is shrinking year after year -13.8% in 2021 and 7.7% in 2022-, which is why the Spaniards are increasingly using their saved money for postponed purchases, including car renewal. This growth in sales of new cars, which are more technologically advanced (including from an environmental point of view), will be reflected in the drop in average emissions. By the end of 2023, registered vehicles under the WLTP approval cycle are expected to emit an average of 117 g/km of CO2, compared to 120 g/km in 2022 and 124 g/km in 2021. LEARN MORE noticia No Which are the cheapest car insurance policies? Chinese cars: luxury dresses deviate from the affordable price news No SUVs and diesels dominate the second-hand market According to Ignacio García Rojí, spokesman for Unoauto, “until the availability of savings during the pandemic, we must continue the gradual normalization of the available stock and the adding psychological factor of the entry into force of the ZBE as leading factors for part of the rebound in sales, which mainly covers the slowdown in sales. The purchase of the car is regaining relevance month after month in personal expenses in the households, something similar It is not surprising that according to the INE, the mortgage lender in our country who wants to buy a new home has increased by 10.5% in 2022, the highest figure in the past 12 years, according to the INE.
Source: La Verdad
I am Mary Fitzgerald, a professional journalist and author of the Today Times Live. My specialty is in writing and reporting on technology-related topics. I have spent the last seven years extensively researching and understanding the field of technology so I can properly inform my readers about developments in this ever-evolving world.
