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.
-
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.
-
Porsche Doubles EV Target for 2025
Porsche AG says about half the vehicles it sells by 2025 will be equipped with hybrid or all-electric powertrains, twice the ratio it forecast four weeks ago.