2023 Author: Eric Donovan | [email protected]. Last modified: 2023-05-21 15:44
The German carmakers can expect a ten percent increase in sales this year. This is the assessment made by the Munich Ifo Institute in view of the booming sales markets worldwide.
The globally booming automobile markets will again bring strong growth to German vehicle manufacturers this year. According to a study by the Munich Ifo Institute, manufacturers can expect a real increase in sales of a good 10 percent, as the economic researchers announced on Thursday.
Export supports the success of automakers
Above all, the strong growth in exports supports the success of the corporations. In addition, there is stable domestic demand and commercial vehicle sales that have grown again after the crisis. However, given the unclear situation after the earthquake disaster in Japan and the rising raw material prices, risks remained.
Last year, the auto industry was again the strongest part of German industry in terms of turnover, with a share of 21.6 percent in manufacturing. According to the Ifo report, the industry has almost reached its position before the crisis. (dpa)