Incentive scheme aids Spanish market recovery
2 July 2009

Scrappage schemes in France and Spain have helped boost June’s new-car sales in the two European countries.

Year-on-year sales in France were up by 7.1 per cent in June, while in Spain they were down 15.9 per cent. Although the market still fell in Spain last month, the fall is an improvement on May’s decline of 38.7 per cent.

Economists in Spain are predicting that the car sales slump has bottomed out, but things could become worse again if scrappage schemes were to end.

French brands performed strongly in the home market, with PSA/Peugeot-Citroen and Renault posting year-on-year sales increase figures of 12.7 per cent and 10.3 per cent respectively.

Mark Tisshaw

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