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

Spain’s automobile registration declined by 51.47pc in January to 41,994 units compared to 86,527 units in the same month last year, according to the Committee of French Automobile Manufacturers (CCFA), which cited data from Spanish consulting firm Autoinfor. 

 

Seat, which sold 4,527 units was the best selling car brand in Spain in January, followed by Peugeot and Toyota, which sold 3,635 units and 3,536 units, respectively. 

 

The country’s auto market was affected by the resurgence of COVID-19 cases last month, CCFA noted. The Renov plan introduced by the Spanish government in July 2020 has also been deactivated, which has led to more distress in the industry. 

 

CCFA indicated that the low registrations in January would mean that automobile organizations across Europe might need to revise their 2021 forecasts. This year, Autoinfor and CCFA expect the Spanish auto sector to grow only by 17pc to around a million units. 

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