Slack foreign demand impacts on production and exports
in VDA, 04-11-2019
In October 284,600 passenger cars were newly registered in Germany. That was 13 percent more than in the same month in 2018. Following the WLTP-related bottlenecks last year, the market is now benefiting from the full availability of the models. Year-to-date new registrations currently come to 3.0 million units (+3 percent) – the highest level the first ten months since 2009.
Incoming orders from Germany in October were 1 percent below last year’s figure. So far this year, 5 percent more orders have arrived from domestic customers. Last month orders from other countries showed a year-on-year fall of 4 percent, and the total since January is also down by 4 percent.
The German passenger car makers built 405,400 cars at their domestic facilities in October (-5 percent). In the first ten months of the current year, 4.0 million passenger cars rolled off the production lines (-9 percent). The weaker foreign demand is reflected in exports: in October 303,700 cars were supplied to customers around the world (-10 percent). Since the beginning of the year, 3.0 million passenger cars have been exported from plants in Germany, i.e. 12 percent less than in the same period last year.