Spain's vehicle production rises by 10.56 pct in Feb.

Vehicle production in Spain rose by 10.56 percent in February, when compared with a year earlier, to a total of 246,622 new vehicles manufactured in the country, the Spanish Association of Car and Truck Manufacturers (ANFAC) reported on Tuesday.

In the first two months of the year, Spain manufactured 462,746 vehicles, which meant a 16.25-percent rise in comparison with a year earlier, the association said.

According to ANFAC, measures implemented by the Spanish government to boost demand in the automobile sector played a key role in the improvement of vehicle production.

The Plan PIVE, which provides financial aid to those buying a new and more ecologic car in exchange for a 10-year old car or older, helped increase production in February, ANFAC said.

With respect to the production of cars only, this figure rose 19.29 percent in February year-on-year to a total of 199,444 units, while in the first two months of the year 373,917 cars were manufactured, which meant a 24.87 percent increase when compared with a year earlier.

Exports also rose in the second month of 2015. Spain exported 198,487 vehicles, a 6.25 percent rise in comparison with a year earlier, while in the first two months of the year Spain shipped 383,523 vehicles to other countries, 12.11 percent more than a year earlier. Endit