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Spain: New car discounts rise to record levels

According to Antonio Romero-Haupold, President of the Spanish franchised dealer association Faconauto, the average discount on new cars in Spain reached a record €3,245 (US$3,987) in May this year. Expenditure on such efforts to move stock by manufacturers and retailers was 18% higher than in the same month It’s time to log in (or subscribe). … Continued

According to Antonio Romero-Haupold, President of the Spanish franchised dealer association Faconauto, the average discount on new cars in Spain reached a record €3,245 (US$3,987) in May this year.

Expenditure on such efforts to move stock by manufacturers and retailers was 18% higher than in the same month

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