Brazil Depends On Germany

2023 Author: Eric Donovan | [email protected]. Last modified: 2023-08-25 09:36

According to an extrapolation, fewer cars will be sold in Germany this year than in Brazil. In the future, the Federal Republic will achieve significantly weaker sales than before, says an expert.

According to an extrapolation in 2010, fewer cars will be sold in Germany than in Brazil for the first time. This means that Germany falls back to fifth place among the best-selling passenger car countries in the world, writes expert Ferdinand Dudenhöffer from the Center Automotive Research (CAR) at the University of Duisburg-Essen in a study published on Friday.

2.077 million cars sold

In the first eight months of the year, 2.077 million cars were sold in Brazil, 170,000 more cars than in Germany. This lead will increase further in the remaining months of the year. "Germany can no longer catch up with Brazil, because the scrapping premium paralyzed Germany in 2010," said Dudenhöffer.

According to the forecast, around 3.25 million new cars will be sold in Brazil for the year as a whole, around 330,000 more than in Germany. In the year of the scrapping premium, almost 800,000 more cars were sold in Germany than at the Sugar Loaf. According to the study, worldwide 2010 will be the second best year in the history of the automotive industry with an extrapolated 57.3 million car sales.

Dudenhöffer is convinced that Germany's share of the world market will continue to decline: "Germany will be in 7th place in the global car market by 2015, because India and Russia will sell more new cars than Germany by 2015." The world's largest passenger car sales markets are currently the USA, China and Japan. (dpa)