German Car Market Is Losing Momentum Again

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German Car Market Is Losing Momentum Again
German Car Market Is Losing Momentum Again

Video: German Car Market Is Losing Momentum Again

Video: German Car Market Is Losing Momentum Again
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Anonim

In Germany, fewer new cars are registered again. In August, 1.3 percent fewer cars hit the streets compared to the same period last year, reports the Federal Motor Transport Authority.

The German car market is losing more and more momentum. In August, exactly 244,757 new cars came onto the road, 1.3 percent less than in the same month of the previous year, announced the Federal Motor Transport Authority (KBA) on Wednesday in Flensburg. After the development in the past three months was below the previous year, there is now only a small market growth of 0.6 percent to book for the period from January to August. In August, the office registered reluctance to obtain commercial registrations, while private owners recorded a slight increase compared to the same month last year.

VW is growing significantly

Among the larger car brands, the market leader VW in particular was able to score with an increase of 8.5 percent in the course of the year. Almost every fifth newly registered car in Germany was a Volkswagen. The group brands Seat (plus 2.3 percent) and Skoda (plus 14.3 percent) also grew. Ford and Opel were able to sell more cars in August than in the same month of the previous year, but overall they are still significantly worse than in 2005 at minus 2.5 percent (Ford) and minus 7.4 percent (Opel). Mercedes (minus 2.2 percent) and BMW (minus 3.9 percent) could not match their previous year's figures for the first eight months, in contrast to Porsche (plus 6.5 percent). The decrease for the Smart is particularly drastic with minus 32.1 percent.

So far this year, Fiat (plus 29.8 percent) and Citroën (plus 10.2 percent) have been on the winners' side. Most of the Japanese manufacturers such as Mazda (plus 9.4 percent), Honda (plus 7.2 percent), Toyota (plus 6.3 percent) and Suzuki (plus 10.7 percent) were able to grow, but not all. Nissan (minus 6.4 percent) and Mitsubishi (minus 3.4 percent) lost sales. Renault suffered the biggest slump in imported cars with a minus of 16.3 percent.

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