Germany In October 2012: Up Slightly, But Not Really

Germany's new car market was up 0.5 percent in October. What looked like bucking the European downtrend was quickly discounted by market observers who noted that October had two more working days than October last year. Taking this into account, Germany is down with the rest of Europe.  Meanwhile, sales in France dropped 7.8 percent, and those in Spain are down a gutwrenching 21.7 percent. Data published by Germany's Kraftfahrtbundesamt show Volkswagen up 10 percent and its premium brand Audi up 15.5 percent. Chevrolet decreased a whopping 29.8 percent. GM's Alliance partner Peugeot is down  16.5 percent. Ford is treading water. Fiat is up a surprising 8.9 percent. Opel lost 15.2 percent. Reuters remarks that "a new money-back guarantee in place since late September" apparently could not stop the bleeding at Opel. Opel's market share in Germany is "6.1 percent — a new low for this year. According to the CAR think tank in Duisburg, demand for Opels in Germany has never been lower than in this year." from The Truth About Cars http://www.thetruthaboutcars.com

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