Spain Car Market 2012-2020 Outlook provides facts, data and forecast on this market with all data by OEM, Brand, Model and segment. From the 2004 up to the 2020 All About within 130 pages and 200 charts.
Historical Market data are reported since 2004 with detail by segments, groups, brands and models from 2012 to full year 2015. The market is segmented for cars and LCVs. with a dedicated section to the premium brands segment.
The Kingdom of Spain is a member state of the European Union and stretches across 195,364 sq miles of area. “Known for its rich culture, lilting language, and breathtaking locales, Spain is a popular tourist destination with travellers from across the world”.
After experiencing a prolonged recession in the wake of the global financial crisis that began in 2008, in 2014 Spain marked the first full year of positive economic growth in seven years, largely due to increased private consumption. At the onset of the global financial crisis Spain’s GDP contracted by 3.7% in 2009, ending a 16-year growth trend, and continued contracting through most of 2013. In 2013 the government successfully shored up struggling banks – exposed to the collapse of Spain’s depressed real estate and construction sectors – and in January 2014 completed an EU-funded restructuring and recapitalization program.
Spain’s budget deficit peaked at 11.4% of GDP in 2010, but Spain gradually reduced the deficit to just under 7% of GDP in 2013-14, slightly above the 6.5% target negotiated between Spain and the EU. Public debt has increased substantially – from 60.1% of GDP in 2010 to more than 97% in 2014.
On the political front, a more fragmented parliament emerged following the 20 December election, setting the stage for weeks of political uncertainty and government inaction. While the governing People’s Party won the most seats, the result marked the worst performance ever for the PP and cemented the end of the political duopoly that has characterized Spanish politics for decades.
Spain Car Market 2012-2020 Outlook research starts from the review of the last ten years heritage in which section we have checked the rule of the automotive industry in the country reporting data on segments, brands and models. Recent sales data had been reviewed starting from 2004 with a focused analysis on the 2012-2015 data, reported for cars and LCVs.
Based on several factors that directly and indirectly influence the market, we have forecast the 2015-2020 market trend with details regarding TIV (Total Industry Volume), segments and brands. All data are presented in charts and table with an immediate and easy-to-read style that allow you to catch the essential about this market.
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