The car market returned to the green in September, with 6.3% more

by time news

2024-10-01 11:50:49

The third quarter of the year ended with a recovery in car sales, a growth of 6.3% thanks to 73,144 registrations, which came as drinking water after two particularly bad summer months, until the point of August revealed the numbers red.

In the total of the year, Spain added 744,698 jobs, 4.7% more than in 2023 but which makes it reach a million units, the desired dream of science that has not been seen since 2019, seems complicated . Compared to that year’s figures, we are currently 23% behind.

From Ganvam they point out that the gap with pre-pandemic figures has narrowed, “although we are still far from reaching the necessary measures to promote the regeneration of the campus. Hence the need to implement effective incentive schemes to retire older vehicles.

Last month, the group presented a proposal for scrapping plans that would consider used cars that are up to five years old and would include motorcycles beyond ordinary electrics, just like the Transports now plan.

Even so, from the National Association of Automobile Manufacturers (Anfac), they confirm that the September results “are very good news. The overall increase of 6% is very positive, especially for individuals, who grow above double digits, which means that citizens continue to want to renew their old car for a new one. “It’s gratifying to see how much interest there is in buying clean cars.”

By channel, as noted by the employers’ group, the growth of individuals is noteworthy, which stands at 10.5% higher than in September 2023, with 36,639 units. The rental channel also registered a significant increase, of 34.4%, thanks to its 4,773 activities. Companies continue in their negative trend, but their decline is more than in previous months, with 1.1% less than a year ago and 31,732 purchases.

In cumulative terms, the fact that companies are still 9.6% behind where they are in 2023 is worrying, because they are the ones that invest the most in low (or zero) emission models. In the total count, they performed 263,286 jobs, while individuals accounted for 302,089 registrations, 7.5% more.

This is especially good for auto manufacturers, since services to the end customer are the most profitable that can be achieved. On the opposite side of the spectrum are the rental-car companies, which have basic models and great discounts when selling fleets. So in 2023, rental companies have recovered their volume to 118,094 units, 32.6% more than a year ago.

From Anfac they point out that “it would be good for buyers to make a clear leap to electromobility and that there should be a public campaign in favor of zero emission cars. A private and clean car is another alternative to daily mobility.

Therefore, September has been particularly negative for the electric car market, given that it grew by 50.1% in September, with 6,821 units. In the accumulated year, there are 43,895 units, almost 3% more than in 2024. The market share so far this year is 4.9%.

However, from the association of official dealers, Faconauto, they point out that “we must point to the strong increase of electrified cars, which is generated by the guarantee of a single label, whose commercial policy has been distorted the product indeed.”

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