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
- COMMENT: US JLR plant likely to get a warm welcome
- THE WEEK THAT WAS: Interesting, interesting...
- VEHICLE ANALYSIS: Mitsubishi's top-selling PHEV
- VEHICLE ANALYSIS: 2014 Peugeot RCZ R
- COMMENT: FKG keeps ears on the track in Gothenburg
- Tatkata airbag recall extended to 7.8m US vehicles
- JLR-Chery JV opens China factory
- Daimler restructures cooperation with Tesla
- UK: Vauxhall goes after Ford with Corsa pricing
- Britain better off inside a reformed EU - UK PM
- Jaguar Land Rover: Providing remarkable growth throughout the economic downturn
- PLDB - vehicle cycle plan database (annual subscription)
- Global light vehicle safety systems market- forecasts to 2029
- LMC Automotive's European Passenger Car Production Estimates (annual subscription)
- Ford Motor Company - Strategy and SWOT Report