MADRID (AP) — Spain's three main automobile associations say new car sales in the recession-strapped country plunged 13.4 percent in 2012 from the year before.
Anfac, Faconauto and Ganvam said in a statement Wednesday that just under 700,000 cars were sold in 2012, and that sales in December were down a hefty 23 percent on the year before. Even so, the groups said the rate of decline eased a little after a new government subsidy plan took effect in October.
Spain is striving to emerge from its second recession in three years. It has 25 percent unemployment. .