The semiconductor shortage has hit the rental industry hard, which is down 48.3%
A fateful semester for the automotive sector in Spain: 10.7% fewer vehicles have been sold so far this year, totaling 407,757 units. These figures are a direct result of the shortage of semiconductors and longer delivery times, which have particularly affected one of the biggest buyers in the Spanish market: the rent-a-car.
Specifically, rental companies purchased 114,085 new passenger cars, 48.3% less than in the previous year. In contrast, individual and business channels showed similar gains, albeit modest at 1.2% and 2.3%, at 177,132 and 171,590 units, respectively.
In June, a traditionally good month – it had the purchases of the RAC, which is preparing for the summer season – 89,252 vehicles were registered, a decrease of 7.8%.
According to channels, the companies were the only ones to see a black result in June, with 37,100 purchases, 18.4% more than a year ago. Individuals lagged, both in share and volume, with 35,551 registrations, down 2%. As usual, the biggest blow was that of the rental companies, which took over 16,601 passenger cars, 43.1% less.
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Source: La Verdad
I am Ida Scott, a journalist and content author with a passion for uncovering the truth. I have been writing professionally for Today Times Live since 2020 and specialize in political news. My career began when I was just 17; I had already developed a knack for research and an eye for detail which made me stand out from my peers.
