Spanish car sales rise 14% on renewed subsidy program
1158
MADRID (Reuters) -- Spanish new-auto sales increased 14 percent in-May to 94,030 automobiles after the authorities revived a subsidy scheme that's boosted revenue for 21 straight months.
The scheme has helped spur buys during the past two years and was revived for the seventh time last month with the injection of 225 million euros ($245.3 million). Beneath the scheme, owners who trash their cars and purchase a new one-get 2,000 euros, half which is supplied by the authorities and half from the car-maker.
Five-month sales are up 2-2% to 443,888, business organization Anfac said.
Enrollments had grown only 3.2% in April after a preceding period of the subsidy plan stopped at the start of the month.
Contact Automotive News
Tags:
Sales
Spain
Rebates and incentives
Marketing
More news from this source:
Go Motors Blog
Top 10 Best Chevrolet Models of All Time
9 Unique Ways to Customize Your Car
How to Find the Best Tow Truck Companies
Car Repair at Home: 4 Easy DIY Fixes That Anyone Can Do
Lifting a Truck Pros and Cons
Shady Car Mechanic Tricks You’ve Never Known Before
Your Guide to the New Skyactiv-X Engine from Mazda
7 Tips for How to Install Windshield Wipers
5 Tips for Finding a Good Mechanic You Can Trust
View All Recent Posts
New Photo Galleries
LATEST NEWS
more news
LATEST CAR REVIEWS