Production and exports show double-digit growth
In July 2014 a total of 270,300 passenger cars were newly registered in Germany. This represents a year-on-year rise of nearly 7 per cent. Since the beginning of the year, new passenger car registrations have climbed by 3 per cent to exceed 1.8 million. Matthias Wissmann, President of the German Association of the Automotive Industry (VDA), stressed, “The German market was in a very good mood in July. We are continuing to perform as expected. However, most of the growth is due to the brisk business in registrations by companies. Private new registrations are below expectations, but the rising number of incoming orders from the home market makes us hopeful.”
In July domestic incoming orders were 6 per cent up on the previous year’s figure. Incoming orders from German customers have increased by 5 per cent since January of this year. Foreign customers ordered 5 per cent more passenger cars from German makers last month, and over the course of this year so far incoming orders from abroad have risen by 6 per cent.
Exports also increased noticeably in July. In all, 406,900 passenger cars were supplied to foreign customers, which is a rise of 13 per cent. In the first seven months of the current year, exports climbed by 8 per cent to reach 2.6 million units.
The German passenger car manufacturers pushed up their production in Germany in July. A total of 533,400 passenger cars rolled off the production lines, which is year-on-year growth of 20 per cent. However, this apparent huge leap is partly due to the statistics: last year many factory holidays came in the month of July, whereas this year most of them will be in August. Since January the German plants have built over 3.4 million passenger cars (+8 per cent). Wissmann said, “The German automotive industry is in a good position on the world’s growth markets, and this also benefits Germany as a production site. The gradual recovery in Western Europe is especially welcome.”
|July 2014||January - July 2014|
|Passenger Cars *)||Units||Change
14/13 in %
14/13 in %
|German makes incl. group makes||199.600||9||1.305.000||3|