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Monday | January 18 | 2021

German car market fell in 2020 to its lowest level since reunification

The German car market fell in 2020 to its lowest level since reunification, as both car production and sales fell dramatically due to the pandemic, AFP reports.

2.92 million new cars were registered last year in the largest European economy, down 19% compared to 2019, and car production fell to 3.5 million units, the lowest level in 45 years.

The last time when less than three million cars were registered in Germany was in 1989.

Even more, German car exports fell by 24% to 2.6 million vehicles last year.

But there are some good signs ahead after new car registrations increased by 10% in December 2020.

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