Automotive Report Germany 3rd Quarter
DescriptionGermany's automotive market is the largest in the EU, but is a modest size compared with that of China and the US. Since 2000 annual average new-car sales of 3.2m and commercial vehicle sales of 300,000 have accompanied a mild upward trend (amid volatility) in domestic vehicle production. Germany is the world's fourth-largest vehicle manufacturer and the largest in Europe.
After falling in 2012-13, new-car registrations in Germany rose by 2.9% in 2014 and by a more robust 5.6% in 2015, as the wider EU market recorded its strongest annual growth since 2009 (when sales were boosted by state-led scrappage schemes). Consumer fundamentals have strengthened in Germany in recent years, driven by positive labour market developments and external stimulus. Sentiment dipped slightly in early 2016, but has firmed in recent months.
The Economist Intelligence Unit has revised upwards slightly its forecast for new-car sales growth in 2016 to 6%, after which it expects a period of softer expansion to 2020. Household finances remain reasonably healthy, but recent solid real income gains will diminish in 2017-18 amid higher inflation and weaker labour market dynamics. The commercial vehicle (CV) market will see modest growth in 2016-20.
Industry List: Automotive, Automotive, Commercial and other vehicles, Automotive, Fuel sources, Automotive, Passenger vehicles
Industry Codes (NAIC): 336
Industry Codes (SIC): 37
Table of ContentsAutomotive Report Germany 3rd Quarter
Automotive report: Overview
Automotive report: Passenger cars
Automotive report: Commercial and other vehicles
Automotive report: Production
Automotive report: Fuel sources