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The production of vehicles in Spain falls by 3.5% until October

Automotive News

The production of vehicles in Spain has fallen from January to October by 3.5% compared to the same period last year, to 2,376,152 units, as reported today by the National Association of Automobile Manufacturers and Trucks (ANFAC). | German automakers are treading on the accelerator: they will beat production records in 2017 and are already gestating their electric reign.

In October production closed with 242,406 manufactured units, which represented a slight increase of 0.3% compared to the same month last year, as explained by the employers in a statement.

For Anfac, the fall in production is due to the slowdown in registrations in some of the most important foreign markets for vehicles manufactured in Spain, and the strength of the euro with respect to some currencies (British pound and Turkish lira, in particular ), which reduces the competitiveness of products from Spain.

In addition, the employer’s association highlights that “Spanish plants have seen throughout this year as several of their most produced models were renewed.”

Anfac has explained that these changes of model undertaken in several factories have slowed, or even stopped, the production rate.

By vehicle type, cars reached 1,867,958 units manufactured in the accumulated of the first ten months of the year, representing a fall of 5.2% year on year; while in October there was a decrease of 4.5%, to 188,272 manufactured units.

Commercial and industrial vehicles reached 468,622 units produced between January and October, a rebound of 3.5% compared to the same period of the previous year; and in October, 49,470 units were manufactured, which represented an increase of 24.6% in the interannual rate.

With regard to the export of vehicles, in the accumulated of the first ten months of the year 2,035,964 units were exported, a decrease of 1.2% compared to the same period of the previous year.

In the last month, exports reached 210,999 units, which represented a 1% decrease in the interannual rate.

EFE23 / 11/2017  (Translation Soft)

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