Car registrations in the Canary Islands set to rise 7% this year, topping 53,000

Non‑plug‑in hybrids emerge as the preferred choice, and over 60% of used‑car sales involve vehicles older than ten years.

Car registrations in the Canary Islands are projected to reach approximately 53,380 units by the end of 2025, representing an estimated 7% growth. The forecast comes from consultancy MSI for the National Association of Vehicle Sellers and Repairers (GANVAM) and the Canary Islands Regional Federation of Automobile Importers and Dealers (FREDICA).

According to the industry bodies, which met on Wednesday with the Vice President of the Canary Islands, Manuel Domínguez, the archipelago—accounting for 5% of the national market—will close the year below the national average.

• New‑car sales in Spain are expected to grow about 11.7%, exceeding 1,135,000 units.
• In the Canary Islands, the registration trend will be driven primarily by non‑plug‑in hybrids, now the favorite powertrain among local drivers.

Powertrain Mix

• Traditional combustion engines continue to decline:
  • Diesel registrations down ≈19.5%
  • Gasoline down ≈13%
• Non‑plug‑in hybrids will capture 32% of registrations in the Canary market (versus 42% nationally).
• Electrified powertrains:
  • Fully electric vehicles expected to grow >20%
  • Plug‑in hybrids projected to surge 85%
  • Combined, electrified models will account for >14% of registrations this year, still below the national average of 19.5%.

Used‑Car Segment

The discussion also highlighted the role of young used cars as a mobility guarantee for all. Forecasts indicate:

• Used‑car sales in the Canary Islands will exceed 100,000 units by year‑end, a 3% increase over 2024.
• This growth outpaces the national average, which is expected to rise 2% to around 2.2 million units.
• Over 60% of used‑car transactions will involve vehicles older than ten years, underscoring the economic challenges Canary residents face in upgrading their fleets as prices drift further from average incomes.

Policy Implications

The data underline the need for a national fleet renewal plan that supports the Euro 6d standard, as outlined in the newly approved Sustainable Mobility Law—a sector‑driven request led by GANVAM.

• 68% of Canary drivers are interested in purchasing a used vehicle.
• 60% would switch cars if incentives were available for used cars up to five years old (according to data from coches.net for GANVAM and FREDICA).
• The average budget for a used car in the Canary Islands is €12,590, €5,500 below the average asking price of €18,093 on coches.net, highlighting the financing gap.

Industry Call to Action

The industry groups urge authorities to implement immediate measures to support buyers.

“We must dispel any uncertainty around purchase decisions because we cannot allow the market to lose momentum, especially now that it was beginning to recover,” said Jaime Barea, President of GANVAM.