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
- Auto business confidence hit but holding up
- New Astra Sports Tourer & future Opel/Vauxhalls
- Recalls redux - the week that was
- Brexit could lift UK auto production – Asian view
- FCA realigns its global manufacturing footprint
- General Motors re-thinks India strategy - report
- Tesla drops Mobileye in wake of Autopilot issue
- Mixed reaction to Tesla's latest plans
- Ford rolls out MY2017 smartphone integration
- Nissan Kicks making world debut in Olympics Brazil