Germany Autos Report Q3 2012
Published : May 2012 No.
of Pages : 72 Price: US$1175
After a nearly 9% year-on-year (y-o-y) growth in vehicles sales during 2011, new passenger car sales in
Germany grew a modest 2% y-o-y (to just over 1mn units) during the...
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Germany Autos Report Q3 2012
Published : May 2012 No.
of Pages : 72 Price: US$1175
After a nearly 9% year-on-year (y-o-y) growth in vehicles sales during 2011, new passenger car sales in
Germany grew a modest 2% y-o-y (to just over 1mn units) during the first four months of the year, in line
with BMI’s forecast of a marginal 1% y-o-y growth in car sales.
.
Although commercial vehicle demand has
fallen marginally this year, our expectations of macroeconomic activity recovering in Q212 and Q312, and
the sharp rise in business expectations in recent months, indicate that our forecast of a 5% growth in
commercial vehicle sales remain on the cards.
We accordingly keep our 2012 forecast of a cumulative
1.
5% y-o-y growth unchanged this quarter.
Similarly, we are cautious about any significant growth in
German vehicle exports and production in view of economic headwinds in the eurozone, and accordingly
forecast growth of 2.
4% y-o-y and 4.
4% y-o-y respectively during the year.
The cautio
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