MADRID (Reuters) -- Spanish new-car sales rose 14 percent in May to 94,030 vehicles after the government renewed a subsidy scheme that has boosted sales for 21 straight months.
The scheme has helped spur purchases over the last two years and was renewed for the seventh time last month with an injection of 225 million euros ($245.3 million). Under the scheme, owners who scrap their cars and buy a new one get 2,000 euros, half of which is provided by the government and half from the carmaker.
Five-month sales are up 22 percent to 443,888, industry association Anfac said.
Registrations had risen just 3.2 percent in April after a previous phase of the subsidy program ended at the beginning of the month.