Recently, Germany “report to westdeutsche” has reported industry experts Ferdinand Duden Hove forecast on the development of the automotive industry in Europe. This professor of the University of Duisburg – Essen was pointed out, in 2013, European car manufacturers will face the most serious challenges in the past few decades, and the trend of decline in car sales in Europe only may be able to slow down after 2014.
According to Ferdinand Duden Hove forecast, for the European automotive industry, 2013 will be the most difficult year in decades. He pointed out that in Europe, especially in the automotive industry in southern Europe, is facing the most severe test since World War II. In the past year, car sales in France and Spain suffered huge losses
The University of Duisburg – Essen CAR Automation Research Center director said: “The euro area long-term economic slowdown of the European car market will face a more difficult situation in 2013.” 2013 and 2014 will be the bottleneck, and downward trend may stop after 2014. Duden Hough added: “so far have not been able to detect the signs of recovery since the economic crisis.”
Russia and India will overtake Germany as the auto market
Under Duden Hough forecast, in 2013, Europe car sales will less 3.5 million than the same period in 2005. This figure is equivalent to the annual sales of 12 plants. Duden Hough also speculated that most of the region will face a situation of overcapacity in the future. Whats more, he also believes that the government of the southern European countries will be funded aid the car manufacturers.
Duden Hove further pointed out that the balance of power of the global automotive industry will change. Although the United States as a sales market leading position will not change, but the German car market has gradually lost its importance. To Duden Hough estimates, “From 2015 onwards, Germany will no longer be the top five of the world’s largest auto market.” Russia and India are likely to overtake Germany before that.
Spain’s car industry assistance projects
While German Automobile Industry Association (VDA) submitted to the 2012 sales statistics on last Thursday, the automobile industry in France and Spain also announced its sales in 2012 this black year. French car manufacturers (CCFA) announced on Wednesday, in the past year, there is only nearly 19,000 new cars registeredwhich is the lowest figure in 15 years. Compared to the same period in 2011, new car sales fell by nearly 14%.
According to the Automobile AssociationANFACStatistics, Spain car annual sales in 2012 has a decrease of 13.4% over the same period last year. In order to promote sales, the Spanish producers and the government have drafted an aid proposal in November 2012. Until March of this year, if the Spanish car owners to scrap his more than 12 years old car and purchase the more environmentally friendly cars, they will get a bonus of 2000 euros.