German car sales will probably rise 6.9 percent next year as falling unemployment and rising payrolls in Europe’s largest economy boost demand, the country’s automotive industry group said.
The German car market, Europe’s largest, probably won’t grow next year as the region’s sovereign-debt crisis saps consumer confidence.
Cars on German roads are older than they’ve ever been as consumers balk at replacing aging models with new ones amid Europe’s sovereign-debt crisis.
German carmakers will have a record year with sales clearly higher than last year, Bild reported, citing Matthias Wissmann, who heads the VDA, the German carmakers’ association.
The automotive industry will see stable growth in the medium- and long-term, Boersen-Zeitung reported, citing Matthias Wissmann , who heads the VDA, the German carmakers’ association.
Continental AG, Europe’s second- biggest car-parts maker, rose to the highest in almost 21 years as forecasts that the region’s car and truck markets will stop declining raised investor confidence in the industry.
Heavy-truck sales in Germany will probably rise 14 percent this year to 70,000 units, after a 38 percent slump in 2009, according to the Matthias Wissmann, president of the VDA industry group.
"I expect the market to stabilize in the second quarter."
- Matthias Wissmann on Apr 03, 2013