Spanish car sales rise 24% in June

Related Topics

MADRID (Reuters) -- New-car sales in Spain rose 24 percent to 90,158 in June, the tenth straight month of increases, car manufacturers' association Anfac said today.

In May, sales rose 17 percent to 82,483.

A government subsidy scheme, which gives buyers of new vehicles a rebate for turning in old cars, has helped stimulate demand in the market.

Under the scheme, car owners who scrap their old car and buy a new one get a subsidy of 2,000 euros, half from the government and half from the carmaker.

At the beginning of June, the government extended the subsidy program for the sixth time with a further injection of 175 million euros ($238 million).

New-car sales in the first half of the year were up 18 percent on the same period a year ago.

Contact Automotive News

Have an opinion about this story? Click here to submit a Letter to the Editor, and we may publish it in print.

Or submit an online comment below. (Terms and Conditions)


Latest Headlines

More »
2013 Rising Stars 
2013 Rising Stars 
Rocket Fuel