Vehicle production in Spain during the first ten months of the year has reached 2.02 million units, 1.2% less than in the same period of the previous year, according to the Spanish Association of Automobile and Truck Manufacturers. , Anfac.
The manufacturers’ association details in a statement that only in the month of October production has recovered slightly, growing by 2.2% compared to the same month in 2023, reaching 227,850 units.
According to the association, these data indicate a small improvement in industrial figures, breaking with the downward trend that has been recorded for five months due to weak demand for vehicles in the national and European markets.
In terms of vehicle type, the production of passenger cars increased by 5.9% compared to October of last year, reaching 182,914, and which determines a cumulative growth in 2024 of 2.2%.
On the other hand, commercial and industrial vehicles registered a decrease of 10.5%, with 44,936 units manufactured, which represents a reduction of 13.2% so far this year.
Electrified vehicles grow by 21.3%
Anfac details that during the first ten months of the year, the production of zero and low emission vehicles (electric vehicles, plug-in hybrids, conventional hybrids, natural gas and LPG) increased by 21.3% compared to the same period in 2023, with a total of 516,251 units.
Specifically, in the month of October, 69,321 vehicles were manufactured, which represents 53% of the production quota. Anfac explains that this rise in monthly production is caused by the strong growth of conventional hybrids (HEV), which increased by 166.6% in October, representing 20.4% of production.
Regarding the manufacturing share of electrified vehicles, the month of October reached 8.1% of total production, registering a decrease of 3.5 percentage points compared to the same month in 2023.
In total, a total of 18,390 electrified vehicles were manufactured last month, which represents a decline of 28.8% compared to October of last year.
If the accumulated data so far this year is taken into account, a decrease of 25.5% is recorded, with a total of 179,673 electrified models being manufactured, which translates into a production share of 8.9%.
200,363 vehicles were exported in October
Regarding exports, a total of 200,363 units were shipped outside of Spain in October, 1.2% more compared to the same month in 2023. Regarding the annual accumulated, during the first ten months of the year, They exported 1.79 million vehicles, which represents a drop of 2.4% in year-on-year terms.
Regarding export destinations for models manufactured in Spain, Europe occupies first place, with 94.1% of vehicle shipments in October, which represents an increase of 5.4 percentage points, compared to the same month of 2023.
In the top five destinations for Spanish production, France continues in first position, followed by Germany, the United Kingdom, Italy and Turkey, the latter, despite reducing export demand by 35%, maintaining this position. On the other hand, the figures highlight, for another month, the increase in the Netherlands (44.9%) and the reappearance of Portugal (35.5%).
«Although vehicle production in Spain remains stable and if the upward trend continues in the next two months we could be at similar production levels as last year, we are concerned about the drop in the manufacture of electrified vehicles in recent months. This is a warning signal to act immediately and adopt measures to boost sales of electrified vehicles. If there is no demand, there is no production,” explained the general director of Anfac, José López-Tafall.
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