New car registration in Spain up by 15%

New car registration in Spain up by 15%

Spain's new automobile registrations jumped by 15% in June to a record level of 159'000 units from a year earlier, according to the figures published by automobile sector association ANFAC. An official from ANFAC stated that this the highest figure ever recorded in new automobile registrations. In the same period of last year, new automobile registrations amounted to 137'890 units, up by 9.7%. New automobile registrations in Spain are expected to reach 1.5 million units in 2004 with an increase of approximately 7%. In Jan-Jun 2004 period, this figure soared by 14.6% to 789'612 units. ANFAC pointed out that the automobile industry completes its mission successfully and therefore the government must create the possible situation for foreign investments and continue forming job alternatives. In Spain, automobile industry mainly depends on overseas technology.