New car sales increased in August despite inflation rates


New car sales increased in August despite inflation rates

There were 51,907 new cars registered in Spain in August, which is an increase of 9.1% in the same month of 2021, however, overall sales since the start of the year are still down 9.4%.

This increase is primarily due to sales to businesses, including rent-a-car companies, which increased by 23%, whereas new car sales to private individuals dropped by 4.3%.

"These monthly figures could give the wrong impression," said a spokesperson for industry body Anfac, adding that compared to 2019, pre-Covid, sales are down 40% for the year so far.

This drop in sales isn’t isolated to Spain, it is a global situation and is partly due to supply problems of microchips due to the Russia-Ukraine conflict, and worldwide inflation.

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