The automotive sector in the Canary Islands continues with figures far from the data prior to the pandemic, with 3,336 passenger cars and 4x4s registered in the islands last October.
Although the total market for passenger cars and SUVs in the Canary Islands experienced a growth of 9.6% compared to October 2021, sales are still 40% below what was obtained in 2019.
These are data from the Faconauto automotive dealers' association, whose president, Manuel Sánchez, warns that the sector is experiencing a "perfect storm".
"In addition to the shortage of semiconductors and the problem of transport, interest rates continue to rise, and this, when accessing financing for the purchase of a vehicle, translates into a significant increase," explains the president of Faconauto.
Compared to last year, there is a significant rebound from companies, which have registered 1,019 vehicles this October, 53.46% more. They also observed a growth of 6% compared to last year in motorcycles and mopeds.
However, sales to individuals, which is usually considered the clearest thermometer of the sector's dynamism, have barely increased by 2.75% in October compared to the same month of 2021.
Registrations of car rental companies, which were 599, represent a decrease of 15.28%.
In the rest of the markets, sales of commercial vehicles fell by 16% compared to last year with 385 registrations.
The same negative trend continues in the market for industrial vehicles and buses, with a 12% drop in sales last October, which translates into 22 units registered.