German auto sales dropped 11% in September, affecting Opel, Ford and Volkswagen.
The most hardly hit was GM’s unit Opel, which saw sales down 26%, while Ford’s sales decreased 22.5% and Volkswagen’s 20%. On the other hand, low-cost brands did well, with Hyundai up 19%, Kia up 15% and VW’s Skoda up 11%.
The situation among the premium automakers was mixed, with BMW’s sales, including Mini, up 9.3% in September, while Audi saw its sales drop 5.9% and Mercedes fell 11%. According to the federal transport authority passenger car sales from January to September decreased 1.8% to 2.36 million and total vehicle registrations in September fell 10.9% to 250,082 units compared to the same period last year.
“We’ll probably see a continued weakness in southern Europe and in addition to that an accelerated weakness in France and Germany,” said Arndt Ellinghorst, a London-based analyst at Credit Suisse Group AG.
In August auto sales dropped 8.5% to 722,483 units compared with 789,458 units over the same period last year. From January to August sales decreased 6.6% to 8.59 million units. Ford reported a 29% loss in August, Fiat and GM each with 18%, the biggest decline since a 9.2% drop in February. Germany, the country which helped offset declines in the other markets, saw its sales drop 4.7%.