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.