Car sales are already chaining seven months of recovery

Sales of passenger cars and SUVs chain the seventh month of growth with an advance of 10.

Oliver Thansan
Oliver Thansan
01 August 2023 Tuesday 11:05
7 Reads
Car sales are already chaining seven months of recovery

Sales of passenger cars and SUVs chain the seventh month of growth with an advance of 10.7% in July and a total of 81,205 units sold, thanks to the normalization of supplies and production, and the push of orders for the companies Even so, it has not been possible to exceed the quota of 100,000 vehicles, the usual in a month of the start of the holidays and, therefore, more demand from individuals.

Sales of so-called alternative, electric, hybrid and gas vehicles are reaffirmed as the first purchase option with a market share of 43.7%, ahead of petrol (43.2) and diesel (13 .1%). However, the electrified car market, which includes hybrids, remains well below targets. In July they increased their sales by 50.3%, up to 8,584 units (only 3,404 were pure electric). And since the beginning of the year they have reached 64,126 passenger cars, 11% of the market. "We are growing at a rate that is half of the European rate", warned the general director of Anfac, José López Tafall, who pointed out that 110,000 electrified units should have already been registered to reach the goal of 190,000 sales in 2023.

With regard to the total market, the organizations of the sector consider that the uncertainty caused by the electoral period could have been a condition for not reaching the quota of 100,000 units. In what has accumulated from the first seven months, 866,626 units were registered, 22% more than the previous year, although still below 2019, according to Ideato data provided yesterday by Anfac (manufacturers) , Faconauto (dealers) and Ganvam (sellers).

Sales aimed at companies add up to 35,132 registrations in July, 13.2% more. On the other hand, rent-a-ca r is slightly reduced by 0.5%, accumulating 10,962 units. On the other hand, sales to individuals reach 35,111 sales, which represents an increase of 12.1% compared to the same month of the previous year, but 39% less than in 2019. In short, families they bought 23,000 fewer cars this July than in July 2019.

Toyota has established itself as the market leader both in July and in the semester as a whole. It is followed by Kia, Volkswagen and Seat. By models, on the other hand, the leader since the beginning of the year is the economical Dacia Sandero, followed by the Seat Arona and the Peugeot in 2008 (see graph). And as with electric cars, the Tesla Model 3 was the best-seller in July, after registering 429 units and registering an 8,480% year-on-year growth. It is followed by the Model Y, also from Tesla, the MG4 and the Volkswagen ID4 and ID3,

Félix García, spokesperson for Anfac, stated that, in view of the data, "it is a priority" that the new government take measures to ensure that the market reaches the million units mark. "Without this level of sales, the necessary renewal of the fleet will not occur, nor will the sales of low and zero emission vehicles increase", he declared.

For Raúl Morales, from Faconauto, "the most important thing is that registrations are growing, and there have been seven consecutive months of growth in the market. Even so, we are 30% below what we did in 2019, but we insist that the most important thing is that the market continues to add growth and that it does not show signs of weakness". He added that for the second half of the year, Faconauto's forecast is that "vehicle sales will remain, because it seems that the economic and consumer context will favor us. But for this reason it is also very important that the political context accompanies us and it is essential that a stable government is formed as soon as possible, which gives certainty to buyers".

Tania Puche, from Ganvam, also sent a message to the new government, asking for an environment that ensures the confidence of businesses and families. In his opinion, there is a risk that the market will slow down due to the rise in interest rates.