Production achievements: Germany 10 months 2016 and forecast 2017
- A quarter of German car production is sold in Germany each year.
The level of the German market therefore has a certain importance on the volume of local production.
The level of the German market therefore has a certain importance on the volume of local production.
- The German market grew in 2015 (+ 5.6%) and in 2016 (+ 4.6%).
For 2017, Inovev expects a quasi-stagnation (+ 1.5%) of the German market.
For 2017, Inovev expects a quasi-stagnation (+ 1.5%) of the German market.
- Taking into account this parameter and, in addition, the volume of exports expected in 2017, in a world market whose growth will decrease (Chinese market growth lower due to the end of part of reductions tax reductions on small cars, the US market at the end of a cycle, a slowdown in the European market after three consecutive years of growth), we can expect a German car production stagnating in 2017, the production remaining however at a very high level (6 million units, close to that of the years 2014, 2015 and 2016).
- Germany will thus remain by far the leading European car producer country, far ahead of Spain, France and Great Britain.
As Inovev had foreseen in the analysis of 3 May 2016, German car production is likely to grow by close to 0% for the whole of 2016, with growth of only 0.8 % over the first 10 months of the year (and it is known that the last two months of the year will not be excellent in terms of market).
As Inovev had foreseen in the analysis of 3 May 2016, German car production is likely to grow by close to 0% for the whole of 2016, with growth of only 0.8 % over the first 10 months of the year (and it is known that the last two months of the year will not be excellent in terms of market).
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