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
- What now for docked Hoegh Osaka cargo?
- RESEARCH ANALYSIS: Review of instrumentation
- VEHICLE ANALYSIS: Porsche Cayenne S E-Hybrid
- THE WEEK THAT WAS: Ship shape and not too bent
- ASEAN vehicle market down almost 10% in 2014
- JLR recreates 1948 line for Defender plant tour
- Most cars unscathed by Osaka drama: ship owner
- Ford 2014 operating profit plunges $2.3bn
- "Bumps and dents" for some driveable Hoegh cars
- GENEVA DEBUTS: Opel Corsa OPC & VW Golf GTD estate