Market Report, "Spain Autos Report Q3 2012", Published
The ongoing gloom in the Western European markets is falling heavily on the Spanish autos production segment, with the first four months autos production declining a hefty 16.5% year-on-year (y-o-y), according to estimates from the Spanish autos association Anfac. With exports accounting for as much as 90% of Spain's vehicle production in 2011, it is not surprising that a more than 20% y-o-y fall in export demand between January and April 2012 has made Spanish carmakers cautious about stepping up...
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