German market Forecast for 2015 (PC + LUV)
- In 2014, the German car market (PC + LUV) is expected to reach a volume of 3.2 million units. The market reached its sales peak in 2009, thanks to scrappage schemes introduced this year, but these schemes resulted in a drop in sales in 2010, this was the first time Germany introduced such compensation schemes, unfortunately the results weren't overly positive .
- Which is why it is unlikely that Germany will implement this type of action again, even if it is indisputable that since 2010 sale volumes have been struggling to regain the levels reached in 2005 and 2006 .
- With an expected growth of around 1.7% in 2015, the German economy should experience an increase in its investments. The automobile market is expected to show no real growth and to stagnate (at about 1% according to Inovev).
- The forecast however, remains questionable, both for Germany and for other countries in the Euro zone, given the unknown length of the geopolitical tensions between Europe and Russia.
- In 2014, 58% of vehicles sold in Germany were imported from abroad.
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