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Monday, Mar 4
Car sales in Germany fell 10% Y/Y which follows up on a 8.5% drop for January. The continued...
Car sales in Germany fell 10% Y/Y which follows up on a 8.5% drop for January. The continued lack of vitality in Europe's most important automobile market sets a dour tone for the Geneva Car Show this week as it's hard to find a forecast for a quick turnaround. Though the trend is particularly hard to swallow for Volkswagen (VLKAY.PK), BMW (BAMXY.PK), and Daimler (DDAIF.PK) trying to boost sales on their home turf, it also affects the automobile sector (GM, F, NSANY.OB, TM, HMC, TSLA) as a whole as it looks toward Germany for answers on the continent-wide demand slump.