Greater car sales are best sign yet of economic recovery

POSITIVE: Almost 10 per cent increase in Murcia car sales in 2017 (File image) Photo credit: Flickr

SALES of cars for the Murcia region have recovered to the extent that they are now at levels not seen since before the economic crisis that hit the industry.

Without taking the month of December into account, a total of 24,107 vehicles have been registered in the region during the year.  This compares to 22,067 in the same period last year and accounts for a rise of 9.24 per cent.  The figures are contained in data from the associations of manufacturers (ANFAC), dealers (FACONAUTO) and retailers (GANVAM).

The latest data continues a trend that has been noticed over the past two years and even more signs of the economic recovery; when car sales are up, it’s one of the best signs of consumer confidence.

The sales of cars was one of the first businesses to suffer when the economic crisis began a decade ago, and many of the manufacturers have had to reinvent themselves to get to the point they are now.

“Many companies did not survive and the rest struggled to keep themselves going.  Those that fought their way through the worst of times have made necessary changes to their work ethic and reduce costs.  The market accepts that it will never be the same as it was during the real boom years of 2004 and 2005 and we are now in a more competitive and aggressive environment,” said José de la Cruz López who is the President of Gretamur-Fremm.

Not only have the sales of new cars grown quickly, the second-hand market has also moved up a gear.  Again, without the December 2017 figures, a total of 61,700 second-hand vehicles were sold during last year, representing an increase of 11 per cent compared to the first 11 months of 2016.

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