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Spain new car sales fall 18.3 pct in August

Source: Reuters - Mon 2th Sep 2013
Spain new car sales fall 18.3 pct in August

Spanish car sales dropped 18.3% year-on-year in August after rising by almost 15% in July, car manufacturers' association Anfac said on Monday.

August's figures were impacted by a jump in car sales in the same month last year ahead of a 3-percentage-point rise in value-added tax in September and due to calendar effects, Anfac said.

Some 38,872 cars were sold in August and the association said a government subsidy scheme for the purchase of new vehicles would mean a probable rise in September.

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