Key Market Indicators
By 2026, Spanish Vehicle Registration is projected to reach 1.15 million units, down 1.1% annually from 1.1 million units in 2021. The market has seen a 4% decline year-over-year since 2010. Meanwhile, Spanish Vehicle Production is estimated to reach 2.89 million units by 2026, with a 0.5% annual growth from 2.77 million units in 2021. The country has experienced an annual 0.8% fall since 2002, ranking 8th globally in 2021. South Korea leads with 2.77 million units, while the US, Japan and India follow at 2nd, 3rd and 4th respectively.
Spain Motor Vehicle Market Data and Forecasts
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