Dates of summer shut-downs distort production and export figures
As July had two working days less this year than last year, new registrations of passenger cars in Germany showed a 4 percent fall last month to 278,900 cars. In the first seven months of the current year, the German passenger car market gained a good 5 percent, growing to 2.0 million new cars.
In July incoming orders from Germany showed a year-on-year fall of 17 percent. This, too, was affected by the number of working days. This year so far, domestic incoming orders have decreased by nearly 1 percent. July orders from abroad were down by 1 percent. From January to July orders from outside Germany rose by 1 percent.
In addition, last month’s production and export figures were distorted by the fact that the summer vacations at large production plants in Germany came in July, whereas the 2015 summer breaks occurred in August.
In July German plants built a total of 410,900 passenger cars (-23 percent). In the first seven months 3.4 million new vehicles rolled off the production lines, which equaled the figure for the same period last year. Last month 333,700 units from German facilities were exported (-18 percent). From January to July, exports totaled 2.6 million passenger cars (-1 percent).
Matthias Wissmann, President of the German Association of the Automotive Industry (VDA), stressed: “The July figures for new registrations cannot be used as a reference mark, and this applies even more so to the production and export figures. The reduced number of working days, and above all the timing of the plant shut-downs, make it difficult to have a direct comparison with the same month last year. We assume that the August figures will show a corresponding bulge in the opposite direction. It will therefore make sense to view the two months together.”
|July 2016||January - July 2016|
|Passenger Cars *)||Units||Change
16/15 in %
16/15 in %
|German makes incl. group makes||197.600||-7||1.438.200||4|