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Published on Monday, August 19, 2019 | Updated on Monday, August 19, 2019

Who buys a car?

A recent BBVA Research study shows that the likelihood of buying a car declined during the crisis, and has barely gained momentum in recovery.

Key points

  • Key points:
  • Between 2008 and 2013, the proportion of households that acquired a new or second-hand car fell almost half to 6.1%, and has only grown around three points since 2014.
  • In fact, families’ actual expenditure on purchasing vehicles today is still around 30% below the pre-crisis maximum.

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