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.
"We're far from our goal to establish Germany as a leading market for electro-mobility."
- Matthias Wissmann on Dec 02, 2014