Car prices in Spain, overall, fell 7% in the height of the crisis

Since the last quarter of last year manufacturers and distributors in the automotive sector intensified their campaign of discounts and promotions to encourage consumers to buy cars, in a time of sharp falls in consumption

Car prices in Spain, overall, fell 7% in the height of the crisis
The prices of cars in the height of the crisis saw a fall in prices of 7 percent, according to the Consumer Price Index (CPI), and the National Statistics Institute (INE ).

This contrasts with the evolution of inflation, a decline of 1 percent in the same annual period. Most of this price decrease is concentrated in the nine months of this year, as prices of cars between January and September accumulated a reduction of 6.7 per cent, compared with a CPI of 0.4 percent overall.

Since the last quarter of last year manufacturers and distributors in the automotive sector intensified their campaign of discounts and promotions to encourage consumers to buy cars, in a time of sharp falls in consumption. This business strategy intensified with the entry last May of the direct aid Plan 2000E’ which was shared among the manufacturers (thousand euros), the Central Government (500 euros) and the autonomous regions that joined the same scheme (500 euros).


The automotive parts and accessories market also add to the downward trend in prices since the last annual period, down 0.9 percent so far this year but in the month of September they were stable.

The repairs of cars, under a heightened activity due to the fall of purchases of new cars, forced users to repair their old cars, it maintained an upward trend of 3.7 percent in the year period.



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