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German Auto Exports Rose by Nearly 50% in May

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On: Fri, Jun 4, 2010 at 9:59AM | By: Michael Jon Lazar


German Auto Exports Rose by Nearly 50% in May

Germany: The home to some pretty well-known automakers—like Daimler AG, Porsche SE, Volkswagen AG, and BMW AG—is also following what seems to be the melody of rising car sales on a global scale. After taking a look at some recent news reports, indications are that sales of auto exports from Germany are up nearly 50% for the month of May; this is sorta kinda on par with a global trend of rising auto sales. (See a prior post I wrote about the Indian auto industry enjoying similar rising sales trends by clicking here.) Considering all of the recent calamity that has ensued in the auto market globally over the past few years, one has a good mind to think that this burgeoning trend can denote a final passage of the auto recession, as more consumers opt to purchase import cars from Germany and abroad. And some of these cars don’t come cheap: They are sought-after, coveted luxury autos like BMWs and Porsches.

According to an early June Associated Press report, “ 'German car exports increased by nearly half in May compared to a year earlier but sales continued to slide at home', an industry group said Wednesday.”

The report further sheds some light on how vast this increase of production in car exports from Germany really is: “Germany exported 367,700 cars last month, an increase of 46 percent compared with May 2009," said the VDA group, which represents automakers. That followed a 58 percent year-on-year rise in April. Orders from abroad were up 22 percent in May compared to a year earlier, rising for the 10th consecutive month. China and the United States have provided strong demand this year, VDA said.

Exports are up 46% from last year, not too bad if you ask me. Especially when we are talking about nearly four hundred thousand cars. That is a ton of autos exported from Germany in just one month! They are not just exporting cars in a healthy manner, Germans are buying plenty of them locally, as well.

While the numbers of new cars being registered in Germany were down—compared to the same time last year—they are still pretty solid. The AP report said that, “Some 252,800 new cars—German-made and others—were registered in Germany, 34 percent fewer than a year earlier. Domestic sales were down nearly 32 percent in April.”

So what does all this mean? From what I have been seeing in reports all over place online is that this is a global trend. Car sales are rising dramatically all over the world, and stabilizing in a healthy manner.Global auto sales are rising at a steady pace and the trend seems to be continuing as the auto industry regains speed and becomes healthy once again.




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