Spain sales surge 20% in January
New-car sales in Spain surged 20 percent in January on strong demand for the Volkswagen, Seat and Peugeot brands.
A total of 101,661 units were sold last month, according to industry association ANFAC.
Volkswagen was Spain's No. 1-selling brand in January, with sales rising 34 percent to 8,909. VW topped locally based sister brand Seat, which increased sales 31 percent to 8,540. PSA Group’s Peugeot and Opel brands took third and fourth place, respectively, last month. Peugeot boosted sales 31 percent to 7,518, while Opel’s volume fell 5.6 percent to 6,887. Toyota rounded out the top five after posting a 12 percent increase to 6,337 sales.
Despite the strong start to 2018, Raul Morales, who is communication director at Spanish dealer association FACONAUTO, remained cautious. “We cannot be overly optimistic about February. We don’t think the good results will be sustained because in January we saw a decline in orders,” Morales said in a statement.
January sales to rental companies rose 24 percent to 16,219, while registrations by companies increased 26 percent to 33,189. Demand from private customers also showed a positive trend, rising 16 percent to 52,253 units.
“Rental companies started renewing their fleets before the beginning of the tourist season, which starts early with the Easter holiday starting at the end of March,” ANFAC said.
Among Asian brands, Hyundai sales jumped 76 percent while sister brand Kia posted a 25 percent increase. Nissan grew by 18 percent.
Among German premium brands, Audi’s registrations increased 14 percent, Mercedes-Benz 6.9 percent and BMW 3 percent.
Jeep more than doubled sales (+126 percent) thanks to the launch of the new Compass.
Demand for diesels slumped badly. The powertrain accounted for 41.8 percent of total January sales, down from 52.7 percent in January 2017. Gasoline-powered cars had a 51.7 percent share last month, while hybrid and full-electric vehicles accounted for 6.5 percent of the market.