While Ford, Citroen or Renault are struggling with overcapacity at their European plants and are forced to cut workers, the Germans are largely unaffected by the European crisis. People say the night is darkest just before dawn, and we believe this could very well be the last year of auto industry recession, but Audi is doing so well it’s going to add extra shifts to increase production.
So many people are asking their dealers for new A6 and A7 models that the automaker is adding 12 extra work shifts at its plant in Neckarsulm to boost production.
Just like art and gold proved a safe heaven for investment during the crisis, so too did the luxury auto industry prove a safe-heaven. The segment has proven flexible and strong, adapting very well to demand.
However, we predict Audi’s most important car in the coming years will be the A3 Sedan. This four-door version of the luxury compact will officially bow next week at the New York Auto Show and is expected to see strong demand in China and the US.
Story via Bloomberg
Just like art and gold proved a safe heaven for investment during the crisis, so too did the luxury auto industry prove a safe-heaven. The segment has proven flexible and strong, adapting very well to demand.
However, we predict Audi’s most important car in the coming years will be the A3 Sedan. This four-door version of the luxury compact will officially bow next week at the New York Auto Show and is expected to see strong demand in China and the US.
Story via Bloomberg