New car sales in Germany drop by 1 percent in September 2013

Article by Anita Panait, on October 3, 2013

New car sales in Germany dropped only by 1 percent to 247,199 vehicles in September 2013, according to the Federal Motor Transport Authority (KBA). The decline could be an indication that the sales slump in the European vehicle market is finally slowing down, with sales in August declining by 5 percent. New car sales in the first nine months of 2013 dropped 6 percent year-on-year to 2.22 million units.

It should be noted that September 2013 has one less working day than in September 2012. The slower rate of decline in Germany, as well as rising vehicle sales in France (3 percent) and Spain (29 percent) in September, further fueled hopes that the car maker in Western Europe is on the way to a slow recovery. Volker Lange, president of the Germany's VDIK import brands association, remarked that he expected the country's vehicle market to continue to stabilize, helped by stronger consumer confidence.

In a statement, Lange said that current forecasts are citing an accelerating economy with the continued consumer willingness to spend. He expects the stabilization could continue in the fourth quarter.

VW dealership owner Ernst-Robert Nouvertne remarked to Automotive News Europe that the German market is “still very tense and life would be tough” for dealerships without generous incentives.

He added that they expect slight improvements over the rest of 2013, especially that the second half of 2012 “was so bad." September sales is considered as a good indicator underlying trends in Europe as August results are not deemed as a gauge of overall demand since many consumers are on vacation.

Topics: germany, sales

If you liked the article, share on:

Comments

Login or Create new account to add a comment!

Recommended

In the minivan segment, the 2017 Chrysler Pacifica is already impressive in terms of fuel economy figures – as rated by the United States Environmental Protection Agency. In fact, the...
by - December 2, 2016
Having a blacked-out Bentley Mulsanne Speed is already menacing by itself but by naming it as the Bamford X, it became all the more imposing. This model was made by...
by - December 2, 2016
We have good news for those who are waiting for the latest version of the Mazda CX-5 compact crossover. It was just unveiled in November at the 2016 Los Angeles...
by - December 2, 2016
Those familiar with racing know that Marco Wittmann’s win during the 2016 Deutsche Tourenwagen Masters held last May was noteworthy as it was his second title in four seasons. In...
by - December 2, 2016
Volvo has revealed that while its products are used by a number of police organizations around the world, it will be the Swedish police that will get the first chance...
by - December 2, 2016
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