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Spain | End of PIVE and anticipated purchases, led to a lower demand for passenger cars

Monday, May 4, 2015

Spain | End of PIVE and anticipated purchases, led to a lower demand for passenger cars

After seasonal adjustments, BBVA Research estimates pointed to a higher reduction of passenger car registrations than expected. The end of vehicle incentive purchase plan (PIVE) and reduced demand after Easter led to a negative contribution from all channels to the evolution of sales

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