Registrations add up for three months despite the rise in prices
The registrations of passenger cars Y SUVs have increased a 11.7% in October compared to the same month of the previous year, reaching 65,966 units, thus chaining three months up, although so far this year they continue to register a decrease of 5.8%. In the first ten months of the year, a total of 666,247 vehiclesan even lower volume compared to the 706,997 of the previous year, due to the semiconductor crisis, production problems and economic instability, according to data published this Wednesday by the manufacturers’ associations Anfac and distributors faconauto Y Ganvam.
Despite chaining these three increases, the registrations recorded in October are 29.8% below the pre-pandemic figureswhen in the same month of 2019 93,954 units were sold. In the last month, all sales channels recorded improvements, led by private registrations, which grew by 0.4% to 31,184 new units; followed by companies, which show an increase of 22.1% (29,598 units); and rental companies, with 5,184 vehicles, after growing by 39%. However, so far this year, so only the business channel is growing, specifically 7.1% to 284,534 units; while private sales are 0.5% below, with 294,910 vehicles; and those of rental companies, with 145,033 units, are 40.1% lower.
The Asian Toyota, Kia and Hyundai are, respectively, the brands that have sold the most passenger cars both in October and in the first ten months of the year, while the Dacia Sandero (1,696 units) and the Hyundai Tucson (18,749) are the models that lead sales in October and in the accumulated of the year, respectively.
Regarding the light commercial vehicles, registrations fell slightly by 0.4% in October to 10,404 units, while so far this year the decline stands at 25.6%, with 97,163 vehicles. On the other hand, those of industrial vehicles, buses, coaches Y minibuses they were up 8.4% year-on-year to 2,788 units, and since the start of 2022 sales have risen 11.5% to 20,957 units.
Electrified vehicles up 7%
The registrations of electrified vehicles (100% electric plus plug-in hybrids) of all types (cars, two-wheelers, commercial and industrial) continue to rise and in October they grew by 7.6%, to 8,486 units, according to data from the Business Association for the Development and Promotion of Electric Mobility (Aedive) and Ganvam. In the accumulated of the year, they have increased by 25.7%, with 80,272 vehicles sold.
As for pure electric vehicles, they increased 22.4% in October (4,487 units) and 39.5% so far this year (41,550). On the contrary, plug-in hybrids register a drop of 5.3%with 3,999 new vehicles, despite accumulating growth of 13.6% in the first ten months of the year, with 38,722 units.
From the associations of manufacturers Anfac and distributors Faconauto and Ganvam agree in pointing out that the main responsible for the drop in registrations is the global semiconductor shortage, a problem that is causing worrying registration figures. From Anfac, they point out that although demand persists, manufacturers are still trying to minimize the production problems aggravated by the Russian invasion of Ukraine, which will cause the year to close with 820,000 registrations, 35,000 units less than a year ago.
For its part, faconauto warns that October’s growth is not “representative”, since they are “very low” figures that are compared with a bad year for the sector such as 2021, and points out the worrying behavior of the private channel. Precisely regarding individuals, Ganvam points out that demand is becoming weaker as a result of an uncertain economic context, with loans “increasingly expensive”.
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