The cars market current situation of Germany
The German market has been Europe’s biggest market in the past of the half century. We expect the new cars registrations will between 3.1 million and 3.2 million in Germany. And Western Europe is still a very stable market, because of their volume is very large. Western European new car registrations were less than 13 million vehicles in 2010, so we expected new car registrations will be reached 13 million cars innbsp; 2011. Western European market is expected to recovery further, and it is expected tonbsp;expand the marketnbsp;a little bit.
When the media asked Wissmann about that ldquo;will Russian market overtake the largest market in Europe,rdquo; Wissmann said, quot;even if it will happen, it is not this year, and it will not be 2012 as well. But in the long term, Russia has this kind of potential. But in the debt crisis, Russia was weak. Russia in the global recession is one of the most severe economic recession.quot;
In the first half of 2011, German car manufacturers domestic production reached nearly 3 million cars this year, compared this amount with last year, 5% increase over the same period of last year. German car manufacturers use 89% of their production capacity than the same period last year, And the supplier’s production capacity is 84%, and 76% for the same period of last year.
In 2011, the German domestic car production growth situation will slow down, but the German domestic car production still remains at a very good level. In the 2011, we expect the domestic car production will be more than 5.9 million vehicles. This will set up a new records than the current 5.7 million cars production in 2007. Overall, the German car manufacturers are expected to reach 12.5 million cars in domestic and foreign car market in 2011, about 5.9 million vehicles will be in domestic market.
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