Date released by the German automotive industry trade association, the VDA, shows that German new car production in January was 416,000 units, 8% down on a year earlier.
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The VDA said in a statement that ‘demand from abroad, which has supported the automobile industry over the past eight years, weakened considerably’.
West European new car sales fell 1.3% in January versus year-ago levels according to figures released this week by the European carmakers’ association, ACEA.
Declining light vehicle sales in North America and Europe caused the global sales rate to dip in January to its lowest level since last September’s terrorist attacks, according to estimates from J.D. Power-LMC released this week.
The seasonally adjusted annualised running rate (SAAR) for global light-vehicle sales during January is estimated by the forecaster at 55.6 million units.
