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Germany's auto market is weak. Published: 2004-3-19 Source: Xinhua News Agency The German Federal Automobile Administration has announced that in February of this year, there were nearly 221,100 new German autos. Although it increased by 7.6% compared with January, it was down 2.7% compared with the same period of last year. Statistics show that in the first two months of this year, the number of new cars in Germany was 432,300, a decrease of approximately 35,600 vehicles or a decrease of 7.7% compared with the same period of last year, indicating that the recovery momentum of the German car market is still weak. In the first two months of this year, among major car manufacturers, sales of Opel Automobile in the German market have fallen as much as 19.4%, and market share has also dropped by 1.5 percentage points to 10.3%; sales of French company Renault have also fallen sharply. 23%, market share fell from 6% to 5%; Ford's sales also fell by 10.6%. The sales of German Volkswagen AG, which dominated the German automotive market, were slightly better. In the first two months of this year, sales fell by 4.5%, but the market share increased from 29.6% to 30.6%; two other German companies are well-known. Companies DaimlerChrysler and BMW's sales fell by 9.4% and 9.9%, respectively, and their market share fell by 0.3 and 0.2 percentage points respectively. Currently, they each have a market share of 13.2% and 8.2%. To date, Toyota Motor Corporation of Japan has been the biggest winner in the German market. Its sales volume has increased by a significant 43.5% and its market share has increased from 2.7% to 4.2%. Accumulated sales of Asian auto makers increased by 11.8%, and the market share also increased from 12.1% in the same period last year to the current 14.7%.
German car market is weak
Germany's auto market is weak. Published: 2004-3-19 Source: Xinhua News Agency The German Federal Automobile Administration has announced that in February of this year, there were nearly 221,100 new German autos. Although it increased by 7.6% compared with January, it was down 2.7% compared with the same period of last year. Statistics show that in the first two months of this year, the number of new cars in Germany was 432,300, a decrease of approximately 35,600 vehicles or a decrease of 7.7% compared with the same period of last year, indicating that the recovery momentum of the German car market is still weak. In the first two months of this year, among major car manufacturers, sales of Opel Automobile in the German market have fallen as much as 19.4%, and market share has also dropped by 1.5 percentage points to 10.3%; sales of French company Renault have also fallen sharply. 23%, market share fell from 6% to 5%; Ford's sales also fell by 10.6%. The sales of German Volkswagen AG, which dominated the German automotive market, were slightly better. In the first two months of this year, sales fell by 4.5%, but the market share increased from 29.6% to 30.6%; two other German companies are well-known. Companies DaimlerChrysler and BMW's sales fell by 9.4% and 9.9%, respectively, and their market share fell by 0.3 and 0.2 percentage points respectively. Currently, they each have a market share of 13.2% and 8.2%. To date, Toyota Motor Corporation of Japan has been the biggest winner in the German market. Its sales volume has increased by a significant 43.5% and its market share has increased from 2.7% to 4.2%. Accumulated sales of Asian auto makers increased by 11.8%, and the market share also increased from 12.1% in the same period last year to the current 14.7%.