MADRID (Reuters) -- New-car sales rose 10 percent in Spain in March from a year earlier, registering the seventh straight monthly increase as government subsidies boost demand, industry association Anfac said today.
A total of 79,929 cars were sold last month, Anfac said. Sales rose 18 percent in February.
Under the government subsidy scheme PIVE, buyers of new cars who turn in an older car receive a 2,000 euro ($2,800) rebate, half from the state and half from the car dealer.
The subsidy has been extended four times.