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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.
Comments (2)
  • They just need to give away free loans like we do in the USA..that will turn on the sales spigot....subprime car loans ..yeah thats it..
    4 Mar 2013, 01:01 PM Reply Like
  • Low interest financing has been a part of the business for decades.

     

    To my knowledge, auto loans weren't packaged and sold like mortgages were but if you have info that they were, I wouldn't mind a reference
    4 Mar 2013, 02:37 PM Reply Like
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