In Germany, passenger car production drops to a minimum in 22 years

In Germany, passenger car production drops to a minimum in 22 years

January 7, 2020 0 By autotimesnews

In 2019, 4.7 million passenger cars rolled off the assembly lines of German automobile plants, which is nine percent less than a year earlier.

This is evidenced by the data of the Association of the German automotive industry (VDA), reports DW.

According to statistics from the International Organization of Automobile Manufacturers, this is the worst figure since 1997.

Passenger car exports also declined – 3.5 million cars were sold outside the Federal Republic of Germany – this is 13% less than in 2018. The German Automobile Industry Association explains the decline in production and exports by weakening international demand.

At the same time, the number of registrations of new cars in 2019 increased by 5% and reached 3.6 million – of which almost 1.1 million registrations are registered in passenger cars of foreign manufacturers. In this segment, growth also amounted to 5%.