Production and exports rise in March
In March new registrations on the German passenger car market showed a strong increase, climbing to 323,100 units, which was 9 percent more cars sold than in the same month last year. However, March 2015 had one more working day than March 2014. As a result, in the first quarter of this year the market grew by more than 6 percent, to nearly 757,700 passenger cars.
Matthias Wissmann, President of the German Association of the Automotive Industry (VDA), stressed, “The first quarter of 2015 was very positive. Right now demand for new cars is growing dynamically. We are also pleased to see that March sales to private customers rose by almost 5 percent.”
Last month incoming orders from Germany showed a strong rise of 15 percent. In the first quarter domestic orders increased by 9 percent.
Exports from Germany expanded by nearly 8 percent in March and totaled 427,300 units. Over the first quarter, 1.15 million passenger cars from German production were supplied to foreign customers, which equals the result from the first quarter of 2014.
Orders from abroad also showed marked growth. Foreign orders climbed by 8 percent in March, and the rise during the first quarter was also 8 percent.
Reacting to welcome developments on the international markets and the dynamic exports from Germany, the auto makers have greatly expanded production at their domestic plants. In March a total of 550,700 passenger cars rolled off the production lines – which is year-on-year growth of 5 percent.
Wissmann stated, “The figures make us optimistic about the rest of the year. However, we continue to be vigilant, because the world’s crisis areas and the dramatic collapse of the Russian economy still harbor risks for the economic situation in Germany and Europe.”
|March 2015||January - March 2015|
|Passenger Cars *)||Units||Change
15/14 in %
15/14 in %
|German makes incl. group makes||228.000||9||546.900||8|