Germany: 2021 market and production forecasts
- The German light vehicles market - Passenger Cars (PC) + Light Utility Vehicles (LUV) - reached 3,185,399 units in 2020, down 18.6% compared to 2019, which is a reasonable performance as most European countries recorded figures much lower, the European average being around 23.5%.
- For passenger cars (PCs), with 2,917,678 units sold, the German market returned in 2020 to the 2010 level, a year following the financial crisis of 2008-2009. At this time, the volume of registrations had not exceeded 2,916,000 units.
- Again in the passenger car market in 2020, the Volkswagen group remains largely the leader with 1,061,627 units (36.4% market share), far ahead of the Daimler (319,236 units; 10.9%) and BMW groups (285,120 units; 9.8%). Next are the Renault-Nissan groups (255,772 units; 8.8%) and PSA (253,343 units; 8.7%) almost tied.
- 2021 should be a year of transition in Europe, with a slow and gradual exit from the situation known in 2020. This will a priori induce a moderate recovery in sales. The German market for light vehicles could therefore represent 3,464,549 units, up 9% compared to 2020.
- For the production forecast in 2021, Germany would grow from 3.68 million light vehicles in 2020 to 4.38 million in 2021, which represents an increase of 19% in one year. This increase is mainly explained by the increase in Europe and global markets and therefore exports. The production lines located in Germany will also see the arrival of new models, such as the Opel Astra, the DS 4 or the Volkswagen ID5. However, the overall production volume will be far from reaching in 2021 the volume of 2019 and previous years.
Contact us: info@inovev.com