Spain: impact of inflation on new and old car purchasing intentions

In October 2023, 21 percent of Spanish consumers who felt inflation impacted their spending planned to decrease their new car purchases in the following six months, representing an increase compared to October 2022. Used cars fared better, with a share of respondents considering not purchasing used vehicles of 8 percent, a slight decrease compared to 2022.

Spain: impact of inflation on new and old car purchasing intentions 2023

Characteristic	October 2022	October 2023
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Release date

September 2023

More information

Region

Spain

Survey time period

October 2022 and October 2023

Number of respondents

1,000*

Age group

18 years and older

Method of interview

Computer-assisted web interviews (CAWI)

Supplementary notes

Original survey question: You have answered that inflation has affected your family's spendings, discarding purchases that you had planned for the next 6 months. Which are the products that you have discarded?"

Respondents could pick multiple answers.

*Total respondent count. 79 percent of these respondents indicated inflation impacted their purchasing intentions in 2022, compared to 74 percent in 2023.

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