Employers’ association Faconauto said car rental companies suffered a sharp drop last month compared to July last year, recording 31.40% fewer registrations, a situation it attributes to the lack of stock. According to him, he considers that this means that the entities dedicated to offering this service “cannot take advantage of the summer”. In this sense, it shows its concern about the arrival of winter, the high season, since the increase in costs makes it difficult to renew the fleet.
In terms of registrations, July ended with 4,655 cars and SUVs, or 3.95% more than in July 2021, which for Faconauto employers represents stagnation in sales.
In a statement, employers point out that after consecutive months of growth (42% more in May, and 32.17% in June), 177 more vehicles were registered in July compared to July 2021. And he adds that the sale to individuals continues little by little. little at a good pace, with 25.58% compared to last year, with 1,885 units.
For employers, the latest data from the EPA, the best since 2018, as well as the reactivation of the tourism sector are at the origin of this growth in the sale of vehicles to individuals. And the business channel is also growing, 56.92% and 1,293 cars registered.
“We ended July essentially the same as July 2021. Growth is virtually zero and market stability is quite fragile. We fear a new economic recession, which has already reached other neighboring markets”, assured Manuel Sánchez, president of the Canary Islands employers’ association.
Regarding the rest of the markets, in the commercial vehicle segment, registrations fell by 4.49% compared to July 2021.
A total of 723 vehicles have been registered in the Canary Islands. Regarding the motorcycle market, the positive trend continues, with 888 two-wheeled vehicles registered during the month of July, ie 24.37% more than the previous year. The bus and industrial vehicle market grew by 44.8% with 42 vehicles registered.
On the other hand, the penetration of the electric vehicle in the islands amounts to 69% so far this year and, between January and July, 1,171 100% electric cars were registered in the Archipelago: 121 during the month of July .
The employers’ association is pleased that the Ecological Transition Council of the Canary Islands government has increased the initial budget from 15.8 million euros to 29 million euros for the granting of aid for the purchase of electric vehicles and to the installation of charging stations, but calls for the procedures to be simplified so that these subsidies reach the end user.
“We have customers who bought their electric car last year and haven’t received anything yet,” Manuel Sánchez adds in the note. The Canary Islands will receive an additional post of 13 million euros and the deadline for submitting applications remains open until December 31, 2023, recalls Faconauto.