La automotive industry In Spain, the 2024 financial year closed with a turnover of 76.855 million euros, according to him ANFAC Annual Report 2024 (Spanish Association of Automobile and Truck Manufacturers). Although the figure represents a 2% decrease Compared to 2023, the sector has once again demonstrated its resilience in a complex and changing global economic environment.
The automotive industry continues to consolidate itself as one of the main economic and employment drivers in Spain, with a industrial investment of 2.434 billion euros (2,6% more than in 2023) and a tax collection of 39.838 billion, of which 6.052 million come from the purchase of new vehicles.
A solid and job-creating industry
In a context marked by energy transition towards zero emissions and global logistical challenges, the automotive industry in Spain maintains its strategic role:
- Total billing 2024: 76.855 millones de euros
- Net result: 2.018 millones de euros
- Industrial investment: 2.434 millones de euros
- Direct jobs: 57.189 workers
With this data, the sector is positioned as one of the Europe's main industrial investors and a key employer on the national scene.
A growing tax contribution
La contribution of the automotive sector to public coffers reached €39.838 billion in 2024, up 1,7% from the previous year. Of this amount:
- 6.052 millones de euros come from the purchase of new vehicles, 7,5% more than in 2023.
These figures reflect the importance of the sector not only as a generator of wealth, but also as a key contributor to the funding of public services.
Exports and positive trade balance
The Vehicles are consolidated as the star product of the Spanish trade balance. In 2024, the Positive balance amounted to 15.991 billion euros, thanks to the export and import activity of automobiles.
Spain remains the second largest vehicle producer in Europe and is located within the Top 10 worldwide, which reinforces its strategic role within the European industrial ecosystem.
ANFAC statements and future roadmap
During the presentation of the report, Jose Lopez-Tafall, director general of ANFAC, said:
“Spain remains the second-largest European vehicle producer and among the global top 2. The automotive industry is one of the fundamental pillars of the Spanish and European economy, and it also contributes to the provision of public services thanks to its significant contributions to public finances. Therefore, continuing to invest in its transformation means investing in the country's development.”
ANFAC demands a clear roadmap which includes:
- Effective incentives for the purchase of electrified vehicles.
- Favorable taxation for electric vehicles.
- Expansion of charging infrastructure.
- Boosting the electrification of heavy vehicles.
In addition, a call is made to establish a medium and long-term strategy that guarantees the competitiveness of the industry, the creation of added value and job stability.
