Exports continue rising, incoming orders increase
In April 2014, a total of 274,100 passenger cars were newly registered, i.e. nearly 4 per cent fewer than in the previous year. However the reduction is a result of the Easter holidays, which came in March in 2013. Since January, the market in Germany has expanded by around 3 per cent to 985,900.
Domestic incoming orders increased by almost 4 per cent in April, keeping the German market on its growth course. Since the beginning of the year, the German manufacturers have received 5 per cent more orders than in the same period in 2013. Matthias Wissmann, President of the German Association of the Automotive Industry (VDA), emphasised, “Apparently customers are gradually shaking off the lack of interest in a buying a car which we saw last year. This is shown by the rising order levels, which suggests potential for the coming months.”
Exports by the German manufacturers increased slightly in the month just ended (+1 per cent). Since the beginning of this year, exports have climbed by 8 per cent to over 1.5 million passenger cars. Wissmann stated, “Once again the gradual recovery of the Western European market is having an impact, revitalising our companies’ export business.”
Production in Germany fell slightly during the month of April (-2 per cent). Here, too, the timing of the Easter break should be taken into account. Since January 1.97 million passenger cars have rolled off production lines in Germany, which means a year-on-year rise of 7 per cent.
|April 2014||January - April 2014|
|Passenger Cars *)||Units||Change
14/13 in %
14/13 in %
|German makes incl. group makes||199.400||-3||707.400||4|