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
-
Tariffs on Autos: “No One Wins”
While talk of tariffs may make the president sound tough and which gives the talking heads on cable something to talk about, the impact of the potential 25 percent tariffs on vehicles imported to the U.S. could have some fairly significant consequences.
-
GM: The Drive to Profitability, Part 1
General Motors released rather impressive numbers for 2015.
-
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.