Spain's automotive industry showed consistent growth in May, but remained weaker compared to the same period last year, Callanish said.
"In May, we again recorded a decrease in car production and exports compared to the same period last year. Currently, several factories are adapting and modernizing the product line for the production of electrified models," says Jose Lopez-Tafall, president of the Spanish automobile Association Anfac. "Meanwhile, key export markets such as France and Germany are also experiencing a slowdown in growth."
Lopez-Tafall also emphasized that production ultimately reflects market demand. The still limited market share of electric vehicles (EV) in Europe is holding back manufacturers' efforts to drive industrial transformation and maintain competitiveness. "If clarity on these two areas is not reached soon, we risk falling further behind non-European competitors in the fight for leadership in the production of electric vehicles," he warns.
Production in May reached 220,407 units, compared with 193,541 vehicles in the previous month. This volume decreased by 11.7% compared to May 2024. Of the total volume, 61.5% were vehicles powered by gasoline and diesel fuel. The production volume for five months amounted to 1 million units, a decrease of 9.7% compared to the same period last year.
Spanish car exports rose to 185,354 units in May, but decreased by 17% year-on-year.
The share of European markets in shipments to Spain in May was 94.5%. According to Anfac, exports in five months decreased by 13.8% to 849,057 vehicles.
Todor Kirkov Bulgaria
Kallanish.com
