german new car sales keep shrinking
Last Updated : GMT 06:41:18
Arab Today, arab today
Arab Today, arab today

German new car sales keep shrinking

Arab Today, arab today

Arab Today, arab today German new car sales keep shrinking

Geneva - Arabstoday

The number of new cars sold in Europe\'s top market, Germany, fell by 10.5 percent in February compared with the same month a year earlier to 200,683 vehicles, the German transport office KBA said yesterday. The figures were released at the Geneva International Motor Show in Switzerland and showed that the annualized decline was sharper than the fall of nine percent in January. On a monthly basis however, February saw a modest improvement, as German car sales were 4.5 percent higher than in January. The hardest-hit automakers last month were the French group PSA Peugeot-Citroen, with a 40.6 percent year-on-year fall, followed by Opel, a German unit of General Motors, which saw a 21.2 percent decline, and Ford, with a decrease of 19.4 percent. Volkswagen\'s sales fell by 14.0 percent. Renault and Hyundai, meanwhile, each saw an increase of 3.4 percent. The compact car sector did best, with sales growing by 20.6 percent, while larger models suffered a significant drop, the KBA data showed. After a rebound in October, German car sales have declined progressively on an annual basis. For 2012 as a whole, they fell by 3.05 percent to 3.08 million models. Matthias Wissmann, head of Germany\'s VDA automakers\' federation, underlined that the market gloom was part of overall weak demand elsewhere in Western Europe. German auto exports fell by 10 percent in February to 358,200 models, and production was off by eight percent at 466,100. Wissmann told reporters in Geneva that 2013 was set to be a tough year for the domestic sector. Germany\'s market is nonetheless in better shape than that of other European countries. In France, new car registrations fell by 12.1 percent in February, and in Italy they were down by 17.4 percent. In crisis-stricken Spain, a government aid plan helped limit the fall to 9.8 percent. Globally, Wissmann said, the auto sector nonetheless still had reasons for optimism. Worldwide demand was expected to rise by two percent this year, for example. The major drivers are China, with a forecast six percent increase in sales to 14 million units, and the United States, with an estimated five percent rise to 15.2 million. European sales were expected to fall by three percent this year to 11.5 million vehicles however. AGENCE FRANCE PRESSE

arabstoday
arabstoday

Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

german new car sales keep shrinking german new car sales keep shrinking

 



Name *

E-mail *

Comment Title*

Comment *

: Characters Left

Mandatory *

Terms of use

Publishing Terms: Not to offend the author, or to persons or sanctities or attacking religions or divine self. And stay away from sectarian and racial incitement and insults.

I agree with the Terms of Use

Security Code*

german new car sales keep shrinking german new car sales keep shrinking

 



Arab Today, arab today
Arab Today, arab today Skincare PR Performance Full Year 2017

GMT 10:35 2018 Monday ,22 January

Skincare PR Performance Full Year 2017
Arab Today, arab today New hunt for flight MH370 gets under way

GMT 02:36 2018 Wednesday ,24 January

New hunt for flight MH370 gets under way
Arab Today, arab today Modern colorful bedroom renovation

GMT 11:23 2017 Thursday ,21 December

Modern colorful bedroom renovation
Arab Today, arab today France sanctions businesses linked

GMT 01:58 2018 Wednesday ,24 January

France sanctions businesses linked
Arab Today, arab today Turkey detains dozens more

GMT 02:09 2018 Wednesday ,24 January

Turkey detains dozens more
Arab Today, arab today
Arab Today, arab today

GMT 07:22 2017 Thursday ,23 November

Zimbabwe's next leader heads home after Mugabe exit

GMT 07:23 2017 Thursday ,23 November

Zimbabwe's next leader heads home after Mugabe exit

GMT 20:34 2018 Saturday ,20 January

Bahrain press headlines

GMT 22:38 2018 Tuesday ,23 January

Bahrain Press headlines

GMT 16:25 2016 Thursday ,22 December

Italian bank Monte Paschi edges closer to state bailout

GMT 06:03 2014 Wednesday ,09 April

Please .. Let Gaza breathe!

GMT 09:12 2017 Friday ,17 November

Gleam Futures represents Grace Beverley

GMT 04:18 2017 Sunday ,26 November

Bella magazine appoints celebrity writer

GMT 06:00 2017 Sunday ,29 October

Childrenswear brand Once appoints Dyelog

GMT 16:33 2014 Thursday ,13 November

Al-Ehtimam Bil Aakhareen

GMT 03:34 2017 Sunday ,05 November

Needle & Thread relocates press office

GMT 14:56 2017 Thursday ,21 December

Ryanair says formally recognises pilots' union

GMT 01:41 2017 Saturday ,12 August

Moroccan video sparks debate on sexual harassment
Arab Today, arab today
Arab Today, arab today
 
 Arab Today Facebook,arab today facebook  Arab Today Twitter,arab today twitter Arab Today Rss,arab today rss  Arab Today Youtube,arab today youtube  Arab Today Youtube,arab today youtube
arabstoday arabstoday arabstoday arabstoday
arabstoday arabstoday arabstoday
arabstoday
بناية النخيل - رأس النبع _ خلف السفارة الفرنسية _بيروت - لبنان
arabstoday, Arabstoday, Arabstoday