Germany posts 0.7% increase in new car sales for first half 2012

Article by Anita Panait, on August 18, 2012

Germany has managed to counter the car market situation in Europe by posting a slight increase in new car sales for the first six months of 2012, according to industry association ACEA. In contrast to Italy and France, which car markets shrank 20 percent and 14 percent respectively, Germany, the largest car market in Europe, posted a 0.7-percent surge.

While the positive figure may look promising for Germany, the actual customer demand is a far cry from the posted numbers as carmakers record sales regardless of whether customers are really interested in buying through a process called self-registrations. According to data from German auto-dealer group ZDK, 87,454 vehicles in Germany were registered in June 2012 to dealers and carmakers, rather than to consumers.

The number represents roughly 29 percent of the market. For the first half of 2012, self-registrations were up 11 percent to 479,385, compared to the figure reported for the same period in 2011.

According to Ferdinand Dudenhoeffer, director of the Center for Automotive Research at the University of Duisburg-Essen, dealers sold these self-registered vehicles as zero-kilometer used cars at discounts of over 20 percent, just to get them off their lots. These phantom sales underscored the pressure to cut prices, which has now become prevalent not only in southern Europe but also in stronger markets like Germany and the UK.

Andy Palmer, executive vice president for global planning at Nissan, described the situation as a “bloodbath” adding that since the industry “needs volume,” manufacturers have to sell even at as discount. Even premium carmakers are affected by the situation. For instance, it is not difficult to find a bargain on a new BMW vehicle, despite the company’s forecast of record sales for 2012. According to ACEA, car sales in the European Union will drop this year to the lowest level since 1995.

Topics: germany, sales

If you liked the article, share on:

Comments

Recommended

Are you a big fan of legendary boxer Mike Tyson, the former heavyweight world champion? Or are you a big fan of the iconic Ferrari F50? Either way, you will...
by - February 24, 2017
It seems that AM-RB 001 hypercar is not the only vehicle project that Aston Martin and Red Bull Racing has gone into. This time, don’t expect something as outlandish as...
by - February 24, 2017
The year 2018 marks the golden anniversary of Subaru of America. Of course, the company will celebrate 50 years of being at the helm of the brand’s crusade in North...
by - February 24, 2017
During car crashes and accidents, there are times that its occupants can’t get out easily. There are times when the only way to get out of that situation is to...
by - February 23, 2017
Could this be a special version of Ferrari’s much acclaimed LaFerrari? No matter how we look at it, the patent images for this sports car from Ferrari indicate its striking...
by - February 23, 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