MADRID (Reuters) -- Spanish car sales dropped 18 percent year-on-year to 38,872 in August after rising by almost 15 percent in July, car manufacturers' association Anfac said today.
August's figures were impacted by a jump in car sales in the same month last year ahead of a 3 percent rise in value-added tax in September and due to calendar effects, Anfac said.
The association said a government subsidy scheme for the purchase of new vehicles would mean a probable rise in September.
France's CCFA industry group said today that sales of new cars fell 11 percent last month to 85,565.
