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Auto boom worldwide: global auto market picking up strongly in 2010

Auto boom worldwide
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D this was an increase of 12 percent compared to the crisis year 2009 , as the Association of the Automotive Industry (VDA) announced on Friday in Berlin. In Europe, the number of new registrations fell by 5.5 percent to 13.36 million vehicles last year, as the European industry association ACEA reported.

Downward trend in Europe slowed

According to VDA -Assessment, international business has recovered much faster than expected. In 2009 the world market had shrunk by three percent in the wake of the financial and economic crisis. Sales slumped in the USA and Eastern Europe in particular.

However, according to ACEA data, the downward trend in Europe slowed in December. Compared to the same month last year, the number of newly registered cars fell by 3.2 percent to 1.01 million units.

France, Great Britain, Italy and Spain in the red

Was strong demand in Germany in December - the number of new registrations rose by almost seven percent to 230,371 cars. In other large countries such as France (minus 0.7 percent), Great Britain (minus 18.0), Italy (minus 21.7) and Spain (minus 23.9 percent), the number of newly registered vehicles also fell in December . Throughout 2010, however, Germany was one of the weakest markets: The number of new registrations fell by 23.4 percent to 2.92 million units.

According to the VDA, 2010 was mainly Brazil, Russia and India and China and the US market are the growth drivers. Car sales in China increased by more than a third to almost 11.3 million cars. In India, sales rose 31 percent to 2.4 million vehicles. According to the VDA, Brazil was ahead of the German market for the first time with a sales increase of almost 11 percent to 3.3 million vehicles.

In the current year, the signs are pointing to further growth worldwide. Europe's largest automaker, Volkswagen, expects the overall market to increase by five percent.


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