Last month, 2,064 new cars were registered, nearly three per cent more than during the same period last year, according to the vehicle industry. During the first ten months of the year, the total number of new cars and four-by-fours that were sold reached 26,634, 27 per cent up on the previous year when 20,911 were sold during the same period.
Business
Sale of new cars increases in the Balearics
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Most of this improvement in living standards and disposable income here in Mallorca comes via the tourist industry, which Barcelo is about to injure with his Tourist Tax. At the moment, Mallorca is doing well from a great £1 sterling v Euro exchange rate, and also from the terrorist activities in places like Egypt, Turkey and Tunisia that make people feel safer here. That situation may well continue to Mallorca's advantage, but if it does, the tax will still hit numbers, there still are other holiday destinations perceived as safe. The more chilling worry is that anywhere frequented by the British is a potential terrorist target, and the fact is that (historic ETA stuff apart) the Balearics may so far have avoided attack but will need to be diligently awake to the possibility.
Most of this improvement in living standards and disposable income here in Mallorca comes via the tourist industry, which Barcelo is about to injure with his Tourist Tax. At the moment, Mallorca is doing well from a great £1 sterling v Euro exchange rate, and also from the terrorist activities in places like Egypt, Turkey and Tunisia that make people feel safer here. That situation may well continue to Mallorca's advantage, but if it does, the tax will still hit numbers, there still are other holiday destinations perceived as safe. The more chilling worry is that anywhere frequented by the British is a potential terrorist target, and the fact is that (historic ETA stuff apart) the Balearics may so far have avoided attack but will need to be diligently awake to the possibility.
Next years figures will be dismal when the tourist tax comes in jobs will go so car sales will drop and all those who have a new car now will have to sell as they can't afford to pay for lt