Spanish car sales fall 10.9 pct in July
Monday, August 3, 2009 @ 3:08 PM
MADRID, Aug 3 (Reuters) - Spanish car sales fell 10.9 percent in July compared to the same month a year ago, the country's car maker group ANFAC said on Monday.
New car sales were 108,222 units in July compared 96,706 units in June, when sales were 15.9 percent lower than a year earlier, car manufacturers' association Anfac said in a statement.
In May, Spain began offering 2,000 euro subsidies to new car buyers struggling to counter credit restrictions and soaring unemployment.
ANFAC expects the 200 million euro ($284.9 million) subsidy plan to boost 2009 sales by 100,000 units.
The programme is in addition to the government's 700-million euro Plan-Vive, which subsidises the acquisition of energy-efficient cars and replacement of old vehicles.
(Reporting by Paul Day; editing by Judy MacInnes) ($1=.7019 Euro)
Source: Reuters