Home Business & Economy April Car Registrations in Spain Drop 46%

April Car Registrations in Spain Drop 46%


New car registrations in Spain for the month of April unveiled the worst drop in history, with a total sales volume of 67.215 cars, translated into a whopping 46% drop in comparison to the same month last year which registered sales of 123,561.

According to ANFAC (Spain automaker assocation), the total number of cars sold in the first quarter of 2009, reached 265,210 units, representing a decrease of 44% compared to the first quarter 2008 figures of 471,299 units.

The Spanish automaker market has been on a downward spiral ever since Spain was hit be the collapse of it’s housing bubble last year, forcing hundreds of thousands into unemployment.