Strengthening green shoots spotted in Germany’s recovering car market

GERMANY
Germany back in drive
Strengthening green shoots spotted in Germany’s recovering car market
Published: Tue, 18 March 2014 16:31:02 GMT
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The 4th car sales gain in the past 5-months adds credence to the now widely held view that Germany, Europe’s biggest car market since time immemorial, has finally entered a sustainable road to recovery

Coming in the wake of single digit sales gains in both December and January, February’s German car sales rose by a further 4.3 per cent, thus bringing the market’s cumulative gain after two months to 5.7 per cent, according to KBA figures.

+5.7%
German market’s cumulative gain after two months this year

While today there is hardly anyone willing to shout it from the rooftops, the consensus private view among industry thinkers is that at long last the market is on the mend. In the cold light of day, February’s renewed car sales gain, the fourth rise in five months, shines light to strengthening green shoots in Germany.

A familiar sign of strengthening confidence in Germany’s business community, of late demand for luxury cars has taken a significant turn for the better.

A rare turn out indeed, even at the best of times...more

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DATA AVAILABLE TO SUBSCRIBERS WITH THIS ARTICLE:

GERMANY new CAR sales:

by manufacturer and marque
FEBRUARY 2014 v FEBRUARY 2013
2-MONTHS 2014 v 2-MONTHS 2013

by SECTOR
FEBRUARY 2014 v FEBRUARY 2013
2-MONTHS 2014 v 2-MONTHS 2013

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+5.7% German market’s cumulative gain after two months this year

+5.7%
German market’s cumulative gain after two months this year