Germany In June 2013: Down 4.7 Percent While Discounts Peak

In Germany, Europe's largest car market, sales were down 4.7 percent in June.  In the first six months of the year, sales in Germany were down 8.1 percent.  Opel's June sales were down 10.1 percent in Germany, Chevrolet's sales plummeted 17.1 percent, but those of Ford rose 8.7 percent. Peugeot sales plummeted 26.5 percent. Things are so bad in Europe that it is seen as a good omen  when June sales are down a little less than in the previous months.  Because the fall is not as steep as before, Reuters sees "signs of bottoming out." In Italy, June sales fell 5.5 percent on the year. In Spain, June sales fell 0.7 percent. In France, car registrations dropped 9 percent. Quite possibly, the alleged bottoming out has another reason: Automakers all over Europe increased  their rebates. The average discount stood at 12.6 percent in Germany in June, writes Auitomobilwoche. 26.5 percent of all sales in Germany were registered by automakers and car dealers, often just for a day. from The Truth About Cars http://www.thetruthaboutcars.com

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