Industry Association: car market threatens to be worst year since 1989

The car market in Germany, broke the Association of International motor vehicle manufacturers (VDIK), according to more. In June, 40 percent had been approved w

Industry Association: car market threatens to be worst year since 1989

The car market in Germany, broke the Association of International motor vehicle manufacturers (VDIK), according to more. In June, 40 percent had been approved with a total of 220,000 new cars less Cars than in the same month last year, said VDIK President Reinhard Zirpel the service "daily mirror Background".

The car of the year 2020 because of the Coronavirus crisis the weakest in 30 years. "We are experiencing a massive slump, is significantly greater than in the financial crisis," said Zirpel. The Association expect for this year with the admission of 2.8 million new cars in Germany. This was a decrease of 20 percent compared to the previous year. Last updated in 1989, Germany had been well-logged 2.8 million cars. This is an optimistic forecast. "Cumulatively, the Minus to the end of June is at 35 percent. The recovery in the second half of the year must, therefore, be very strong, if it is to be at the end of minus 20 percent,“ said Zirpel.

The demand for electric cars is still up. The VDIK expect for the first half of the year, with more than 90,000 newly registered electric vehicles. This is an increase of about 90 percent.

Date Of Update: 02 July 2020, 22:19

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