Spain: 2021 market and production forecasts
- The Spanish light vehicles market - Passenger Cars (PC) + Light Utility Vehicles (LUV) - reached 1,009,328 units in 2020, down 31.5% compared to 2019, which is one of the worst performances recorded in Europe last year, the European average being around 23.5%.
- For passenger cars, with 851,000 units sold, the Spanish market returned in 2020 to the 2014 level, the year following the financial crisis of 2008-2009. At this time, the volume of registrations had not exceeded 855,000 units.
- Again in the passenger car market in 2020, the Volkswagen group remains largely the leader with 198,592 units (23.3% market share), far ahead of the PSA groups (144,073 units; 16.9%) and Renault-Nissan (135,532 units; 15.9%). Next are the Hyundai-Kia (93,029 units; 10.9%) and Toyota (64,954 units; 7.6%) groups.
- 2021 should be a year of transition in Europe, with a slow and gradual exit from the situation known in 2020. This will a priori induce a moderate recovery in sales. The Spanish light vehicle market could thus represent 1,104,850 units, up 9% compared to 2020.
- For production forecasts in 2021, Spain would increase from 2.18 million in 2020 to 2.38 million in 2021, which represents an increase of 9.6% in one year. New models arrive in 2021 on Spanish plants, such as the Citroën C4 (the Peugeot 2008 having arrived in 2020). On the other hand, the announced shutdown of the Nissan plants in Avila and Barcelona, as well as the end of life of the Citroën C4 Cactus and C4 Space Tourer could slow down further growth in Spanish production. The situation is also stressed by the Ford plant in Valencia which will soon shut down the Mondeo, Galaxy, S-Max and Transit Connect (which will be transferred to another plant).
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