Suche
Mein Konto
German car production falls to 45-year low
The Corona crisis has caused demand for cars to collapse worldwide. German car factories are also suffering from this. Accordingly, production has declined accordingly.
German car production falls to 45-year low
Despite a conciliatory December with a significant increase in new registrations, the annual balance of the German auto industry is modest, even alarming: in 2020 as a whole, the domestic market reached a level of 2.9 million cars. This corresponds to a decrease of 19 percent compared to the previous year.
New registrations fell by almost a fifth in 2020, as Hildegard Müller, President of the Association of the Automotive Industry (VDA), emphasizes. The slump in sales is not only economically difficult for the automotive industry, but also bad for the climate balance. Ultimately, this delays the renewal of the car fleet and older cars remain on the roads longer.
German customers left out
In December, German manufacturers received 16 percent fewer domestic orders. In the period from January to December 2020, domestic order intake was down 17 percent. Things went better in foreign business: German OEMs recorded a stable order volume (±0 percent) in December, and 11 percent fewer cars were ordered by customers from abroad in 2020 as a whole.
In line with the sales figures, domestic passenger car production in 2020 also remained significantly below the previous year's figure at 3.5 million units, specifically by 25 percent. This means that car production in Germany in 2020 reached its lowest volume in 45 years. Despite all the concerns surrounding the corona pandemic, the association is quite confident for the new year: "We expect the German car market to recover in 2021. However, the very strong pre-corona level is unlikely to be reached for the time being," says VDA President Müller.