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La Triubuna de Automocion and MSI have released yesterday their prediction for the Spanish new car market in December, and it’s looking rather ugly: -27% year-on-year to 48,689 registrations, or the 5th consecutive month below 50,000 units for the first time on record in the country.
This means the total for the Full Year 2012 will dive below 700,000 registrations for the first time in at least 25 years (data needed!) to just 698,315 units. And all this in spite of the PIVE plan put in place in September – a 2,000€ rebate on the purchase of a low emission vehicle if you get rid of your 12+ year-old car. But why is the Spanish market decidedly depressed at the moment? Click on ‘Read more’ below for some explanations.
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