05 August 2025
BEVs shine as French new-car market slumps in July
04 August 2025
The Automotive Update: The all-electric Ford Puma, battery health certificates, and used-car markets
01 August 2025
Monthly Market Update: Residual values in Europe endure multiple influences
01 August 2025
Electric vehicles (EVs) continued to push Spain’s new-car market forward, as the country continued its perfect growth streak in 2025. Autovista24 journalist Tom Hooker reviews the numbers.
The Spanish new-car market enjoyed its fifth month of double-digit improvement in July. Volumes grew by 17.1% year on year, with 98,337 models taking to the road for the first time, ANFAC reported. This was 14,358 units more than in July 2024.
A strong month for the private channel helped volumes, with a 23.6% increase in registrations. The sector accounted for 51.6% of overall deliveries in July.
Meanwhile, the corporate channel also recorded a notable improvement of 18.1% as it took a 37.9% share of registrations. The rental sector suffered a 9.4% decline in July. However, it also captured the smallest share of the three sales channels, taking a 10.5% hold.
‘July marked the fifth consecutive month with sales near the 100,000-unit threshold. This pushed the year-to-date figure to 708,139 units, 14.3% higher than last year. However, this was still 14% below pre-pandemic levels in 2019,’ commented Ana Azofra, Autovista Group’s head of valuations and insights, Spain.
Director of communication and marketing at ANFAC Félix García, also recognised that July’s performance was positive. He commented that the market is on track to end the year with 1.1 million registrations.
‘It would be desirable for this upward trend to continue, with double-digit growth until the end of the year. In the current scenario, and with the sluggishness of foreign markets, it is very important to maintain this trend in the domestic market also because of its support for domestic production,’ stated García.
What is supporting Spain’s momentum?
‘This strong momentum in the Spanish market is supported by two particularly positive factors,’ said Azofra.
‘First, growth in both the private and corporate channels is becoming firmly established. Overall figures have been boosted in months that are typically less active for the rental market, a channel with significant importance and weight in Spain.
‘The expansion of corporate and private sales makes the market’s positive trend more sustainable in the long term. This also helps to create a more balanced used-car market structure in terms of vehicle age distribution,’ she highlighted.
In July, these sectors posted double-digit growth. Private registrations grew by 19.4% year on year from January to July, capturing 41.6% of overall volumes.
‘The good performance of purchases by individuals is noteworthy. This shows, on the one hand, that July is one of the preferred months for drivers to change cars because they take advantage of it to drive on holiday,’ explained GANVAM director of communication Tania Puche.
‘On the other hand, brands and distributors have been able to mobilise customers, thanks not only to the increase in promotional effort but also to the financial intelligence they are having to promote formulas with lower instalments than traditional loans to facilitate access to the vehicle,’ she said.
The corporate channel enjoyed an 11% increase in deliveries, while taking a 34.2% share. Rental volumes rose by 10.3% in the first seven months of 2025, giving the sector a 24.2% hold.
‘Individuals and companies have shown significant increases compared to July 2024. Individuals and companies are the key segments to pull the market and renew the car fleet, which is one of the oldest in Europe,’ outlined García.
Further factors in Spain
‘The second key factor is the take-off of the electrified vehicle segment. Although the adoption of EVs in Spain was slower than in other countries, it is now gaining strong momentum and accelerating rapidly,’ said Azofra.
Additionally, there continues to be an additional volume boost in the DANA area, thanks to the Renicia Auto+ Plan.
‘Giving continuity to demand aid programs and, above all, strengthening consumer confidence and avoiding generating confusion in the market, would be the necessary aspects to continue growing and get closer to pre-COVID levels,’ summarised García.
EV Volumes forecasts that new-car volumes in Spain will rise by 4.4% in 2025. At this rate, the market is well on track to meet this full-year projection.
This forecast may seem cautious compared to current growth. However, it is still some distance ahead of EV Volumes’ predictions for other major markets. The UK and Germany are expected to see marginal growth, while France and Italy are forecast to suffer declines.
Fantastic PHEV improvement
Plug-in hybrids (PHEVs) were Spain’s best-performing powertrain during July in terms of registration growth. Volumes soared by 178.9% to 12,312 deliveries, marking a gain of 7,897 units year on year. This was the biggest improvement recorded by the powertrain so far in 2025.
The PHEV sales pace has ramped up since the beginning of the year. Registrations rose by 14.5% in January, then 24.1% in February, 50.6% in March and 80.3% in April. The technology took another leap forward in May, as volumes surged by 169.4% before slightly cooling to 160% in June.
Last month’s result gave PHEVs a 12.5% market share, 7.2 percentage points (pp) up from July 2024. This was the powertrain’s highest share of the year so far, up 1.1pp from its previous best in May.
In the year to date, PHEV registrations soared by 94.5% to 68,381 units. This was the biggest percentage improvement of any powertrain during this period. PHEVs overtook battery-electric vehicles (BEVs), which recorded the greatest growth of any major powertrain from January to June.
The technology captured 9.7% of the total market, according to Autovista24 calculations. This was a 4pp increase from its market share during the same period of 2024.
Spain’s BEVs follow suit
BEVs also recorded triple-digit growth in July. Volumes rose by 127.1% compared to one year prior, equating to 8,693 deliveries. This marked the powertrain’s biggest monthly growth of 2025 so far and its third consecutive month of triple-digit growth. The technology made up 8.8% of the market in July, up from 4.6%.
From January to July 2025, BEVs have not recorded a single registration decline. A total of 54,963 BEVs hit the road across the entire period, according to Autovista24 calculations. This was an 89.7% improvement year on year. BEVs took a 7.8% hold of the market in the year to date, up from 4.7% 12 months ago.
Combining BEV and PHEV figures, the electric vehicle (EV) market saw registrations jump by 154.9% last month to 21,005 units. Unsurprisingly, this was the biggest plug-in improvement of 2025 so far. EVs accounted for 21.4% of the total Spanish new-car market, the powertrain grouping’s highest share so far in 2025.
In the year to date, EV deliveries surged by 92.3% to 123,344 units. This equated to an extra 64,127 registrations compared with the same period in 2024. The result gave EVs a 17.4% market share in the year to date, up by 7pp.
Making positive moves?
The MOVES III incentive plan, which has been extended until the end of 2025, has undoubtedly helped drive EV demand. However, some industry figures are concerned about the programme’s distribution across the country.
‘During July, several autonomous communities have begun to activate the funds of the MOVES III Plan, although in a very uneven way,’ outlined communication director of FACONAUTO, Raúl Morales.
‘While in regions such as Galicia or Madrid the budgets have already been exhausted, in others their implementation has not even begun. Everything points to the fact that, as soon as the pending communities activate their calls, the available funds will be quickly exhausted,’ he added.
‘Therefore, it is key to ensure the continuity of the MOVES programme over the coming months, to give buyers peace of mind and because the current dynamism of the market is directly related to the boost in electrified vehicle registrations,’ commented Morales.
‘The end of the MOVES III funds in some autonomous communities is a sign that there is a growing demand for BEVs and PHEVs. Its continuity is necessary, which is why it is important to provide new funds to these autonomous communities and those that require them,’ stated ANFAC general director José López-Tafall.
‘The market data also reflects that brands are doing their best with their commitment to PHEV models, including dealers. Consolidating this pace in the medium term and, in parallel, strengthening our industry, are the challenges we face as a sector and a country,’ he highlighted.
Spain’s hybrid improvement slows
The hybrid market, including full and mild hybrids, continued its perfect streak of double-digit growth in 2025. However, July’s improvement of 15.9% was its smallest year-on-year improvement of the year so far.
The powertrain’s total of 40,023 deliveries was its lowest since February but still provided it with a dominant 40.7% share. Yet, due to the strength of other powertrains, this was a drop from its 41.1% market hold in July 2024.
‘The shift in demand towards hybrid cars is unmistakable, with Toyota leading the market. The brand is being increasingly joined by its competitors, as the strong appetite for hybrid and PHEVs in Spain is prompting new players to rapidly incorporate these powertrains into their line-ups,’ noted Azofra.
‘In turn, this broadens carmakers’ market offering and enables them to reach more buyers, often through highly competitive pricing,’ she added.
From January to July, the technology recorded 293,937 registrations, a 30.2% year-on-year increase, according to Autovista24 calculations. This was a 68,236-unit increase year on year, the biggest volume gain of any powertrain in the Spanish market. Hybrids captured 41.5% of overall deliveries in the year to date, up from 36.4%.
Adding hybrids to the EV mix, the electrified market grew by 42.7% in July. Hybrids’ moderate improvement appeared to dampen the EV surge. With 61,028 registrations, the powertrain grouping made up 62.1% of total volumes, up by 11.2pp year on year.
Electrified models posted a similar increase of 44% in the first seven months of the year, reaching 417,281 units. This equated to a 58.9% market hold, up from 46.8%.
Diesel despair
As the electrified market continued its growth streak, ICE vehicles continued to struggle in Spain. July marked the seventh consecutive month of declines of over 30% for diesel.
Its 38.6% year-on-year drop translated to a total of 5,241 registrations, making it the worst-performing powertrain in July. The fuel type took a 5.3% share last month, almost half of its previous 10.2% market hold.
Across the first seven months of 2025, diesel deliveries decreased by 37.9% to 39,519 units, according to Autovista24 calculations. This was the biggest decline of any powertrain. It made up 5.6% of sll registrations, down by 4.7pp year on year.
Spain’s petrol persistency
Petrol suffered a less severe drop in July, with volumes down by 6.6% to 28,154 deliveries. This was only the second time in 2025 that the fuel type escaped a double-digit decline. However, due to other powertrains performing well, its 35.9% market share in July 2024 slumped to 28.6% last month.
A total of 216,446 petrol models took to Spanish roads from January to July, representing a decline of 12.5%. Compared to the same period of 2024, this equated to a loss of 31,054 units. The fuel type captured 30.6% of the new-car market in the year to date, down by 9.4pp.
Adding together petrol and diesel figures, ICE registrations fell by 13.6% in July to 33,395 deliveries. This was the powertrain groupings’ smallest drop since March, but also marked the sixth double-digit decline so far this year. Its share fell by 12pp to 34%, its lowest share of 2025.
The year-to-date drop was 17.7%, with 55,159 fewer vehicles registered. This caused another significant share decline, from a 50.2% market hold in the first seven months of 2024 to 36.1%.
