Car sales - expert sees crisis overcome

dpa
Car sales - expert sees crisis overcome
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Asia and the US are the main growth drivers -Market. The good first quarter supports the forecast that the world car market will increase to 56 million sales in 2010 - that would be an increase of 5.7 percent compared to the previous year.

Germany slows down Western Europe

With the exception of Western Europe, all car markets will grow in 2010. 'In Western Europe it is Germany that is pushing the market down,' said Dudenhöffer. The artificial sales bubble of the scrappage bonus in 2009 caused lasting damage to the market. The federal government transferred the problems to 2010. 'According to our forecast, the German market will collapse to 2.83 million car sales in 2010 - that is a decrease of 25.7 percent', said the expert.

F oudenhöffer believes that Asia, with the major markets of China, Japan, India and the US market, is primarily responsible for the recovery of the world car market. In the USA alone, 2.5 million cars and light SUVs were sold in the first quarter of 2010, over 340,000 vehicles or 16 percent more than in the previous year. The growth in China is even greater. One million more vehicles were sold there in the first three months than in the same period of the previous year.

'The sales figures for the first quarter underline that the automotive industry is back on its long-term growth trend,' explained Dudenhöffer. The business and profit prospects for 2010 are positive for important car manufacturers and suppliers. Opel continues to worry, however. The company continued to lose market share and sales in Europe in 2010, while parent GM achieved sales records in the USA and China. 'With this, Opel has to reckon with further high losses in 2010 and needs further support from GM', emphasized the expert.

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