Davis Index: Market Intelligence for the Global Metals and Recycled Materials Markets

Spain’s vehicle registration is expected to grow by 12pc in 2021 compared to the previous year but it will still be 24.3pc lower than the pre-pandemic levels in 2019, according to Spain’s automobile and agricultural machinery employer’s association Faconauto. 

 

2021 started with negative numbers, but registration is expected to grow in the second quarter, Faconauto reported. The 12pc growth represents 952,953 units that sold. However, these increased sales numbers are not enough to match sales in 2019. 

 

Other European countries will sail in the same boat with increased sales numbers this year compared to 2020, but will still not be able to catch up with 2019 sales. Germany’s car sales are projected to grow by 8.2pc to 3.15 million units in 2021 from last year, which will be 12.5pc lower compared to 2019. France’s car registration rate is expected to increase by 9pc in 2021 to 1.79 million units, which is 18.7pc lower compared to 2019 sales. 

 

Italy’s car sales in 2021 are projected to rise by 10.9pc to 1.54 million vehicles compared to 2020, but it will still be 20pc lower compared to pre-COVID-19 levels. UK’s car sales are expected to grow by 25pc this year compared to last year with just a 10pc decline compared to 2019. 

 

Faconauto’s president Gerardo Perez mentioned that it is important for Spain to take measures to increase sales and also implement plans to promote electric vehicle sales during this transition period to help the country’s auto sales growth.

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