GERMANY: New car sales could fall 6.5% next year
Germany's new car market could fall 6.5% to around 2.9m vehicles next year from an expected 3.1m this year, said the German Federation for Motor Trades and Repairs (ZDK).
The federation also anticipates used car sales next year to be static at somewhere between 6.9m and 7m while aftermarket sales should also remain about the same.
ZDK represents primarily car dealers and mechanics, many of whom depend more on selling or servicing used cars rather than on the slowly shrinking new car market.
With the average age of cars increasing because of better build quality, there is increasing demand for replacement parts.
- COMMENT: Diesel not out in London and Paris
- Management briefing: 48V mild hybrids (2)
- ANALYSIS: Mercedes smart brand's last chance?
- Volvo UK specs up seven seat XC90 redesign
- ANALYSIS: Europe's fragile recovery continues
- Honda chief quits
- Geneva show list updated
- Land Rover updates Evoque
- UK: Aston Martin to reveal future models strategy
- Ricardo unveils new prototype electric motor
- Global light vehicle engine technologies market- forecasts to 2029
- Global vehicle lightweighting - technology, trends and the future
- LMC Automotive's European Passenger Car Production Estimates - Latest Monthly Update
- Global electrified light vehicles market- forecasts to 2018
- PLDB - vehicle cycle plan database (annual subscription)