FX.co ★ Spain’s Car Registration Growth Cools Sharply in July, Year‑on‑Year Pace Nearly Halved

Spain’s car registration growth decelerated markedly in July 2026, with the year‑on‑year change easing to 3.70%, down from 7.80% in June 2026. The latest data, updated on 3 August 2026, point to a notable cooling in momentum after a stronger start to the summer.

Both figures are measured on a year‑over‑year basis, comparing each month’s change in registrations to the same month a year earlier. The July reading of 3.70% indicates that new car registrations were still higher than a year ago, but the pace of expansion has slowed significantly compared with June’s 7.80% annual increase.

This stepdown suggests that while underlying demand in Spain’s auto market remains positive, the strong rebound seen earlier in the year is losing steam as the sector moves through the second half of 2026.