Auto industry
Bad half of the year at the car market ends with poorer June
With electric cars it goes up – only Tesla just doesn’t get on your feet. Individual domestic brands can take themselves against the trend. A special effect also contributed to the weak June.
The German car market weakened in the first half of the year. From January to June, only 1,402,789 cars were re -registered, which was 4.7 percent less than in the same period last year, as can be seen from figures from the Federal Motor Transport Authority. June tightened the decline again with a particularly high minus of almost 14 percent. The management consultancy EY spoke of a car market in crisis mode.
However, the decline did not hit all large domestic corporations. With 119,000 and Mercedes-Benz with 127,000 new registrations, BMW was able to stay close in the first half of the year. At 286,000, Platzhirsch VW is just in the red – also because the new registrations of Wolfsburg collapsed by around a fifth in June. The premium brands Audi and Porsche belonging to the group also lost new registrations, but the foreign daughters Seat and Skoda were in plus.
Tesla lost almost two thirds
Compared to the catastrophic development at Tesla, all of these brands are good. MultiMilliarche Elon Musk’s company lost 58.2 percent of its new registrations in Germany in the first half of the year and only came to 8,890 vehicles. This is a market share of just 0.6 percent.
The market for electric cars actually developed strongly and increased by a good 35 percent. However, the growth went to other brands – the exact division is not yet available here.
Ey points out a special effect in June for the overall market. The comparison month from the previous year was very strong. At that time there were advanced effects due to new regulations for assistance systems.
Nevertheless, the situation on the market remains tense, says Constantin M. Gall from Ey. “The demand for new cars is and remains very weak. This is due to the ongoing economic flaut, which leads to investment retention in the company and job worries among consumers. Even the high new car prices, which are not least a result of increasing regulation, also play a role.” There is also uncertainty among private individuals and companies. “And uncertainty is poison for the new car market.” He does not see an upswing in the market for the time being, “neither in Germany nor in Europe”.
dpa
Source: Stern
