German car sales may climb 6.9 percent in 2011

Article by Christian A., on December 5, 2010

The German carmakers' association (VDA) says that German car sales may climb 6.9 percent in 2011 as falling unemployment and rising payrolls in Europe's largest economy boost demand. VDA's head Matthias Wissman says that deliveries in Germany may increase to 3.1 million vehicles in 2011 from 2.92 million in 2010.

Unemployment in Germany fell for a 17th month in November while business confidence surged to a record, helping to boost demand. Carmakers like Marcedes-Benz., BMW AG, and General Motors Co.'s Opel brand are shortening Christmas breaks at factories to meet surging demand.

Wissmann, a former transportation minister, says domestic orders at German-based carmakers have been growing “steadily and at a gathering pace” since September 2010.

He adds that capacity utilization in the German auto industry has rebounded to 85 percent in the fourth quarter from 62 percent in 2009's second quarter.

According to the VDA, German-based carmakers' production will probably increase 5 percent in 2011 to a record 5.8 million units while exports may grow by the same margin to a record 4.4 million vehicles. [via autonews - sub. required]

Topics: germany, sales

If you liked the article, share on:

Comments

Recommended

Ever since the Regera premiered in 2016, Koenigsegg has been firm about increasing its coverage around the globe. Part of the idea was to ask its employees in Angelholm to...
by - February 21, 2017
There is no harm in admitting that both the conventional and the hybrid versions of the Lexus LC 500 are real stunners when it comes to its exterior styling. Even...
by - February 21, 2017
Jaguar is placing three new Ingenium engines on the F-Pace crossover, XF saloon and XE sedan for the 2018 model year. According to Jaguar’s recent announcement, the updates will also...
by - February 21, 2017
After Volkswagen snagged Toyota’s crown as the world’s best-selling automaker, there’s no stopping the Japanese manufacturer from dominating the hybrid arena. As of January 31st , Toyota’s increasing global unit...
by - February 21, 2017
There is no denying that the performance versions of the Jaguar F-Type and the Land Rover Range Rover are definitely hot – both in terms of looks and road dynamics....
by - February 21, 2017
Facebook

Youtube Channel

Tip Us
Do you have a tip for us?
Did you film an important event?
Contact us
Newsletter
Subscribe to our newsletter!
Subscribe
Galleries