FX.co ★ Spain Sees Decrease in Car Registrations in April 2024

According to recent data updated on 2nd May 2024, Spain experienced a significant decrease in car registrations in April 2024. The indicator for car registrations in the country dropped by 3.00% in April, a sharp contrast to the 16.60% increase recorded in March 2024.

This change is measured on a month-over-month basis, which compares the current month to the previous month. The abrupt decrease in car registrations could be attributed to various factors such as economic conditions, consumer sentiment, or even regulatory changes impacting vehicle sales in the country. As the automotive industry closely monitors these fluctuations, the coming months will be crucial to observe whether this trend continues or if there will be a rebound in car registrations in Spain.