Mexican Media Brands
Germany’s Auto Sales Sank 3% Last Year
New-car registrations in Germany, Europe's largest car market, fell to 3.08 million vehicles in 2012 from 3.17 million the previous year, according to VDA.
#economics
Share
New-car registrations in Germany, Europe's largest car market, fell to 3.08 million vehicles in 2012 from 3.17 million the previous year, according to VDA. The industry group attributes the slump to consumer "insecurity" caused by the eurozone debt crisis.
Germany's auto market has been more resilient than most others in the region this year. But in December demand tumbled 16% year over year to 204,300 units.
The VDA predicts German car sales will sink to about 3 million units in 2013.
RELATED CONTENT
-
Report Forecasts Huge Economic Upside for Self-Driving EVs
Widespread adoption of autonomous electric vehicles could provide $800 billion in annual social and economic benefits in the U.S. by 2050, according to a new report.
-
On Headlights, Tesla's Autopilot, VW's Electric Activities and More
Seeing better when driving at night, understanding the limits of “Autopilot,” Volkswagen’s electric activities, and more.
-
Fuel Economy Gains in July
What you’re looking at here is a sales-weighted fuel economy chart (the numbers in the white boxes represent miles per gallon) that was put together by two diligent researchers, Michael Sivak and Brandon Schoettle, of the University of Michigan Transportation Research Institute.