Monday, 15 january 2018 | Redacción CEU
January is always a month for reflection. This moment becomes an ideal period to look back and gather momentum, to make an evaluation of successes and failures, to deal with the figures and data and, why not, to face the future with learned lessons. 2017 has been the year when the SUV fever consolidated, diesel dropped and the MOVALT Plan was launched. A year that has been marked by a high accident rate, also by the ups and downs in the car production. The automotive industry is an innovative sector and, therefore, in the short term, really changeable. Examining figures can be a key factor to understand how this 2018 is approaching. With what figures and data does the automobile industry say good bye to the year 2017?
When overtaking, drivers always have to check what they see on the road through their side mirrors, that way, they make sure that no vehicle suddenly appears out of nowhere. At least, this will be the rule until self-driving cars conquer the roads. Good drivers are always aware of what happens in their rearview mirrors, not only when they want to change lanes, in every moment while they drive. Just like in driving, in the business world it is always advisable to look back to achieve progressing. The numbers and data of the automotive industry can offer a key context when interpreting what can happen in the future of this business in full transformation.
Figures on perspective
The automotive industry continues to grow in Spain and the car sales balance continues being positive. The vehicle registrations in the country have risen by 7.7% compared to 2016. The cars registered number ascends to 1.23 million units, according to data provided by Anfac, Ganvam and Faconauto. A good figure but still far from the 1.61 reached in 2007. In fact, this is the first year out of five, in which the percentage of annual growth falls from a figure of two digits to one. While the private channel has increased by only 4.4% compared to last year, sales between companies and rental companies have reached 12.8% and 9.2%, respectively.
The second-hand sales have grown considerably. The figure rises to 1,964,277 units, according to Faconauto, which means a 10% increase. Something that worries about this percentage is that the average age of cars sold in this market has also grown, it is now twelve years. This has repercussions like that many of the vehicles moving on the road are more polluting and less safe than the new ones. <<This year we will continue to worry about that more than 60% of used cars marketed have more over ten years, which means that the average age of the total amount of cars, far from decreasing, will increase>> the Communication Director of Faconauto, Raúl Morales, has expressed.
The level of vehicle production was reduced at the beginning of 2017, but as the year progressed, it suffered a rebound and it has achieved to reverse the figures. The data provided by Anfac, which stops in November, shows an accumulated figure of 2.67 million vehicles. According to the experts’ estimations, this percentage would rise to 2.87 million units in December. Finally, the figure set by the association as the goal of three million vehicles would not have been reached, but the drift of this exercise would have been successful. This deceleration in production was mainly due to the fact that Spanish plants were forced to slow down so not to create excess stock, because main foreign markets, France, Germany and the United Kingdom, reduced the demand at the beginning of the year.