Germany - New Car Sales Fall by 2.9% in 2012
VDIK President, Volker Lange stated on the matter: “If the economic situation stabilises and existing consumption extends to the car market, then the VDIK believes new car registrations of more than 3 million to as much as the 2012 level are possible.”
The final month of 2012 brought about a disproportionately larger decline than the yearly average, as sales fell by 16%, and only 204,000 units were shifted. Still, it contributed to the final figure of 3.08 million vehicles sold, and while Germany may still have the power keep itself from falling, it is affected nevertheless.
If the Euro Zone crisis persists in 2013, and all reports indicate that it will, Germany will exhibit even clearer signs of decline, and by the end of the year, the decline figure could prove a lot more significant.