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Spain new cars sales drop 13.4%

Source: Reuters - Wed 2th Jan 2013

Spanish car sales fell 13.4% in 2012 on an annual basis, the spokesman for the car manufacturers' association ANFAC said on Wednesday.

Car sales dropped 23% in December year-on-year, after a 20.3% slip in November, ANFAC reported. "The 2013 new car market is expected to be very similar to that seen in 2012," the ANFAC spokesman said.

The Spanish government's new car subsidy scheme, introduced October 1 to stimulate the battered market in the economic downturn, has meant the slide in new car sales has been less marked than expected, ANFAC has said.

The Spanish car industry has been hit hard by the prolonged economic slump and sales have been further hurt by government-backed austerity measures, including a 3 percentage point increase in value-added tax from September 1.

Although over 18 months old, the Video clip attached >>> shows Tumbit's MrGrumpy and his exasperation when attempting to purchase a new vehicle in Spain...

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