GERMANY: New car sales slide 8.6% in January
New car sales in Germany fell by 8.6% to 192,090 in January, a rate of decline that is less than in France, Spain and Italy.
But the fall came despite heavy discounting by carmakers, said the University of Duisburg-Essen’s Centre of Automotive Research which reported that incentives were at their highest level since the centre started monitoring them seven years ago.
Despite the disappointing start to the year – sales in January 2012 were more than 210,000 – the VDIK importers’ association predicts demand will pick up in the coming months.
"Despite the weak start to the year, we believe a full-year volume of more than 3m vehicles is still possible," VDIK president Volker Lange said. Last year’s new car markets was 3.17m, a fall of 2.9% over 2011.
Sectors: Vehicle markets
- Jaguar Land Rover's lightweight future
- INTERVIEW: Ford of Europe's chief, Stephen Odell
- GENEVA WRAP: Europe still struggles, future bright
- THE WEEK THAT WAS: iOS (and Android) in the car
- INTERVIEW: Ford UK fleet director, Phil Hollins
- 'One Ford' has kept us alive in Europe
- GENEVA: Jaguar names 'small' saloon XE
- GENEVA: Apple launches car iOS
- EXCLUSIVE: Renault axes another EV
- Ukraine crisis sparks Russia 'downward pressures'
- Tesla: The Californian start-up that made head way on the automotive giants
- Dacia: The no frills automotive brand, that is becoming a serious world contender
- China’s One-Child Policy is Shaping a New Automotive Landscape
- PLDB - vehicle cycle plan database (annual subscription)
- Global light vehicle HVAC market 2008 to 2028