Research (J&T BANKA)
Macroeconomics  |  December 05, 2012 09:05:04

Germany - car sales in November fell by 3%

According to the Association of German Automobile Manufacturers (VDA) car sales in Germany in November fell by 3% y / y to 260,000 units, for 11 months of the year, then goes down 2% y / y VDA estimates that for the whole year in Germany sold 3.1 million cars, while next year sales to fall to 3 million (-3% y / y). Around 3 million, the sales should move next few years. In contrast, in the U.S. in November sales grew 15% y / y to 1.1 million, while the growth could also contribute Sandy hurricane, which destroyed at the end of October around 250,000 cars and could thus lead to a renewal of the fleet in November. Even without him, however, after 11 months of sales in the U.S. rose by 12% y / y and has now come to pre-crisis levels.

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