Mexican Media Brands
Germany’s Car Market Shrinks 3%
New-car registrations in Germany shrank 3% to 347,400 units in March, according to KBA, the country’s federal motor authority.
#economics
Share
New-car registrations in Germany shrank 3% to 347,400 units in March, according to KBA, the country’s federal motor authority.
Demand for diesels last month plummeted 25% year on year. Sales by the market’s major luxury brands fell, led by Mercedes-Benz (-5% to 29,600 units), BMW (-5% to 26,300 units) and Audi (-13% to 25,700).
Mass-market brands posting gains in March included Volkswagen (+3% to 64,500 vehicles), Skoda (+4% to 19,600), Hyundai (+11% to 11,700) and SEAT (+5% to 11,500).
But sales last month declined for the market’s other top sellers, comprising Ford (-1% to 26,900 vehicles), Opel (-23% to 21,100) and Renault (-16% to 12,800).
KBA says that in spite of March’s declines, overall car sales in Germany in January-March rose 4% to 878,600 units compared with the same period in 2017.
RELATED CONTENT
-
On The German Auto Industry
A look at several things that are going on in the German auto industry—from new vehicles to stamping to building electric vehicles.
-
Global Car Market to Shrink for 2-3 Years
Global sales of light vehicles will decline year on year through at least 2021, predicts LMC Automotive at its annual outlook conference outside Detroit, Mich.
-
On Global EV Sales, Lean and the Supply Chain & Dealing With Snow
The distribution of EVs and potential implications, why lean still matters even with supply chain issues, where there are the most industrial robots, a potential coming shortage that isn’t a microprocessor, mapping tech and obscured signs, and a look at the future