MADRID, May 14 (Reuters) - Spain's 100-million-euro ($135.6 million) plan to boost demand for new cars and aid its flagging car industry as the country enters the worst economic slump in 50 years will begin May 18, the government said on Thursday.
Consumers buying a new car will receive a 500-euro subsidy from the government and another 1,000 euros from the manufacturer, the government said.
New car registrations marked the 12th month of declines in April, dropping to 67,215 units from 123,561 in the same month last year, Spanish car makers association Anfac said May 4.
The measures, which will subsidise the acquisition of 200,000 vehicles, will remain in place for one year or until the 100 million euros is used up, the government said.
Prime Minister Jose Luis Rodriguez Zapatero said on Tuesday the measure would be put in place this summer, but decided to fast track the plan after meeting with manufacturers and local communities on Thursday, the government said.
The move is in addition to the government's 700-million-euro Plan-Vive, which subsidises the acquisition of energy-efficient cars and replace old vehicles. (Reporting by Paul Day; Editing by Dan Grebler)