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Spain new car sales up 10 pct in March - Anfac
April 1, 2014 / 9:21 AM / 4 years ago

Spain new car sales up 10 pct in March - Anfac

MADRID, April 1 (Reuters) - New car sales rose 10 percent in Spain in March from a year earlier, registering the seventh straight monthly increase as government subsidies boost buying, car manufacturers’ association Anfac said on Tuesday.

Sales rose 17.8 percent year on year in February.

A total of 79,929 cars were sold in March, Anfac said.

Under the government subsidy scheme PIVE, buyers of new cars who turn in an older car receive a 2,000-euro ($2,800) rebate, half from the state and half from the car dealer.

The subsidy has been extended four times. ($1 = 0.7256 Euros) (Reporting by Paul Day; Editing by Sonya Dowsett)

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