Anatomy of a decline: The German car market in 2000 and 2001
In 2000, the German economy posted its most rapid growth rate since unification. In the same year, sales of cars fell by some 11%. Both the onset of the decline, and its duration - the weak market has persisted until at least the second quarter of 2001 - took the industry by surprise. Here we set out some features of this decline, and look at some hypotheses about its causes.
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