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Spain: New car market contracts 8.2% in May

New passenger car registrations in Spain fell year-on-year in May 2012, but improved compared with the levels seen this April. Last month, car registrations declined 8.2%, following a sharp 21.7% contraction witnessed in April 2012. Spain's automotive industry association Anfac said that car registrations totalled 72,442 units last month, down from It’s time to log … Continued

New passenger car registrations in Spain fell year-on-year in May 2012, but improved compared with the levels seen this April. Last month, car registrations declined 8.2%, following a sharp 21.7% contraction witnessed in April 2012.

Spain's automotive industry association Anfac said that car registrations totalled 72,442 units last month, down from

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