Plan Renove News Today : Breaking News, Live Updates & Top Stories | Vimarsana

Spain s February sales fell 38% in perfect storm Demand hit by coronavirus measures, tax rise and the end of subsidies Peugeot s 2008 crossover was the best-selling model in Spain last month. Spanish new-car sales fell 38 percent to 58,279 in February, according to the ANFAC industry group. It was the second drop in a row, after sales tumbled 52 percent in January. Demand continued to be hit by the coronavirus pandemic and by the end of Spain s scrapping program, Plan Renove, which expired in December. A registration tax, which is applied for vehicles producing CO2 emissions above 120 grams per km, increased for many models on Jan. 1. The rise resulted from a reevaluation of CO2 levels for cars after emissions were converted from the NEDC test cycle to the more stringent WLTP procedure, which yields higher CO2 figures.

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