/ BMW, Industry, Mercedes-Benz, News, Volkswagen / Germany Auto Sales Dragged Down by European Crisis

Germany Auto Sales Dragged Down by European Crisis

Linked In Share
Germany Auto Sales Dragged Down by European Crisis

The European crisis has eventually affected the German market as auto sales in the region are on the slide.

Analysts predict that despite an awful 2013, next year will bring a tentative end to the crisis, at least in the auto market. The slump has affected even the German luxury cars automakers, with Mercedes announcing it might have overestimated the 2013 profit target. VW, which is the main manufacturer in Europe accounting for 25% of the market share, sees profits coming under pressure as auto sales begin t dip in its biggest markets. As for BMW, although it stills reports increasing sales, those come from cheaper, less profitable models.

LMC Automotive says that last month auto sales in Germany dropped 17.1%, more than the 10% fall in Western Europe and dropped 12.9% during the first quarter. There nothing new regarding these news taking the economic outlook and the fact that more and more countries in the euro zone are struggling to survive the financial crisis.

“German car demand has deteriorated sharply,” said Citi Research analyst Harald Hendrikse in a report, “with the sales run-rate down from 3.4 million last May to below 2.7 million by March 2013. VW Group German car sales fell 12 percent in 2013′s first quarter.”

by Ana Cezara Savin (my Google+) - Friday, April 12th, 2013 - filed under BMW, Industry, Mercedes-Benz, News, Volkswagen. Image credit: .
Linked In Share
Related Articles
BMW europe crisis german auto sales Mercedes-Benz vw


Discuss: Germany Auto Sales Dragged Down by European Crisis

Leave a Reply















Inautonews Facebook PageInautonews RSS FeedInautonews TwitterInautonews Youtube Channel

Sign up to receive our email newsletter on your email. It's safe. No spam!

Pressure mounts as Hamilton spins down Austria grid
Pressure mounts as Hamilton spins down Austria gridJun.21 (GMM/Inautonews.com) The pressure is mounting on title favourite Lewis Hamilton, with even the Briton admitting his 2014 ...
Mercedes still troubled by Montreal glitch
Mercedes still troubled by Montreal glitchJun.21 (GMM/Inautonews.com) Mercedes' reliability worries are not over. In Canada, Lewis Hamilton failed to finish, while Nico ...
Todt admits some F1 teams may not survive
Todt admits some F1 teams may not surviveJun.21 (GMM/Inautonews.com) Jean Todt has admitted some F1 teams are in danger of bowing out. Despite the impressively ...
Mercedes battle rages on Red Bull turf
Mercedes battle rages on Red Bull turfJun.21 (GMM/Inautonews.com) Since buying the defunct A1-Ring in 2004, Red Bull's Dietrich Mateschitz has ploughed a quarter of a ...
Renault ‘definitely’ 2015 engine supplier – Marko
Renault ‘definitely’ 2015 engine supplier – MarkoJun.21 (GMM/Inautonews.com) Red Bull will "definitely" be powered by Renault in 2015, Dr Helmut Marko insists. Reports emerged ...
Porsche sells more than 600 units of the 918 Spyder
Porsche sells more than 600 units of the 918 SpyderThe German based automaker Porsche has managed to sell no less than 600 units of the 918 Spyder. With its main rivals Ferrari ...
Ferrari unveils F12 Berlinetta Polo and FF Dressage Editions
Ferrari unveils F12 Berlinetta Polo and FF Dressage EditionsFerrari has introduced two special editions of the F12 Berlinetta and the FF, called the Polo and the Dressage Editions. The ...
Bentley SUV spied in production guise
Bentley SUV spied in production guiseOur spy photographers have managed to capture the production version of the Bentley SUV once again. Bentley is continuing the ...
Ford Ranger facelift caught on the open road
Ford Ranger facelift caught on the open roadThe facelifted version of the Ford Ranger has been recently spotted while being tested out on the open road, wearing some ...
Recall roundup: Kia Cadenza for wheel problem
Recall roundup: Kia Cadenza for wheel problemThe South Korean based automaker Kia has recently issued a recall for several Cadenza vehicles, because of a problem with their ...
[VIDEO] Lamborghini Aventador crashed in Vancouver
[VIDEO] Lamborghini Aventador crashed in VancouverA bright yellow example of the Lamborghini Aventador has been recently crashed in Vancouver, Canada. Supercars keep getting ...
Volkswagen Beetle GRC with 544 HP unveiled
Volkswagen Beetle GRC with 544 HP unveiledVolkswagen has officially pulled the wraps off its latest creation, the so-called Beetle GRC, ahead of its public debut which ...
Red Bull planning ‘Infiniti’ F1 engine – report
Red Bull planning ‘Infiniti’ F1 engine – reportJun.20 (GMM/Inautonews.com) Plans are afoot for an 'Infiniti' engine in formula one. It is already known that reigning world ...
F1 to adopt standing re-starts in 2015
F1 to adopt standing re-starts in 2015Jun.20 (GMM/Inautonews.com) Hot on the heels of exhaust trumpets and titanium sparks, the latest radical F1 innovation has now ...
2015 Mercedes-Benz CLS gets priced in the UK
2015 Mercedes-Benz CLS gets priced in the UKMercedes-Benz has recently announced the official price list for the facelifted version of the CLS in the United ...
Read more automotive news


2013 Frankfurt Motor Show Live Images

Ferrari F12 Berlinetta Polo 1
Spy-Shots of Cars
Spy-Shots of Cars
Volkswagen Beetle GRC with 544 HP unveiled 1
paris hilton mclaren 650s spider 1
DD Customs modifies the Mercedes-Benz SLS AMG 1
Range Rover Sport gets tuned by Overfinch 1
opel meriva 1.6 cdti 1
daihatsu copen 1
2015 Hyundai Sonata Eco 1
0-Mercedes-Benz CLA 200 CDI Exterior Review 02
0-BMW 320d xDrive Exterior Review 02

More automotive from inautonews
The German based automaker Porsche has managed to sell no less than 600 units of the 918 Spyder. With its main rivals Ferrari and McLaren producing just 500 units of the LaFerrari and 375 units of the P1, Porsche has taken a step forward and sold no less than 600 examples of its 918 Spyder. The ...
read more
Inautonews Editors Section
Car investment – which are the next classics?
Car investment – which are the next classics?Some prefer the stock exchange, others buy gold and some invest in properties, but there is a small group of people who prefer to try their luck with ...
Where brand new cars go to die
Where brand new cars go to dieHundreds of millions of brand new cars are left to rust in huge parking lots all over the globe after no one wants to buy them. The 2014 world ...
Trendy cars for this summer
Trendy cars for this summerSummer is just around the corner and the inautonews.com team is presenting you with some of the hottest convertibles money can buy these ...

Editors Section
Inautonews Editors Section
2012 Safest Cars list 2011 Safest Cars [Video] 2011 IIHS Safest Cars [Video] 2011 EuroNCAP Safest Cars 2010 Safest Cars [Video]

Latest in Safety Recall roundup: Kia Cadenza for wheel problemThe South Korean based automaker Kia has recently issued a recall for several Cadenza vehicles, ... US: a quarter of recalled cars don’t get fixedAlthough noticed by automakers, around 25% of recalled cars don’t get their fix every year, which ...
Safety Section