SPAIN’s car industry is in a race to 2017, and based on the first six months’ results, the country is pulling ahead even faster than predicted.
The Spanish Association of Automobile and Truck Factories (ANFAC) launched its exhaustive ‘3 Million Plan’ this year when Spain dropped to being the 12th largest producer of cars worldwide (previously 9th).
The plan aims to boost auto production to three million by 2017 and put Spain back in the top 10.
So far the statistics look good and in the past 12 months – except January – production has been in the green.
In the last six months alone, Spain has produced 1.3 million vehicles. If it continues at the same rate 2014 will end with a 12% higher production rate than predicted.
Production would hit 2.6 million this year, putting Spain back in 9th place.
Thailand’s production has been predicted at 2.2 million this year, a full 10% drop from last year’s numbers. Sitting in between Spain and Thailand are Canada and Russia, which have seen a 1.8% and 12% drop respectively.
Mexico, however, has put itself in 8th place after producing over 3 million cars in 2013, making it untouchable, even if the ‘3 Million Plan’ succeeds.
Competition aside, Spain’s production increases have done great things for the economy.
Anfac created 6,000 jobs in the first trimester of 2014 alone and it closed out 2013 with €2.2 billion in profits.