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Automobile production in Germany 2008 - 2019 June

Trend of car production stagnating since 2014, even sinking by 10% p.a. since mid-2018

This report deals mainly with monthly changes of production and sales of the automobile industry in Germany based on official production statistics. A separate trend report publishes the trends in production and sales since the beginning of the world economy crisis in 2008 to 2018.

Update August 26th, 2019 - From the beginning of 2014 to mid-2018, automobile production in Germany showed a slight growth trend as it can be seen from the dotted line in the chart. This line represents the average of the production indices of the last 12 months.


As recently as July 2018, this trend had reached its highest level since 2008 at 106.9 index points and showed a growth rate of 2.4% p.a.


In mid-2018, the trend changed from growth to decline. From mid-2018 to June 2019, the production trend fell by 10% p.a. to 96.2 index points, the lowest level in the last five years.


For the period from 2014 to June 2019, i.e. for a period of 5.5 years, automobile production stagnated at 0.0% p.a.


Automobile production in Germany is now in a crisis.

Automobile production in Germany from 2008 up to 2019.

The respective peak values of production indices have been lower and lower since 2018, while production declines have accumulated. As a result, production trend line tended downwards - a shift from growth to decline had set in.


This development is also unusual because, with one exception, the trend in production and sales in the automotive industry in the second half of the year has been higher than in the first since the global economic crisis. In the global economic crisis itself, the opposite was true, with the second half of the year weaker than the first. This is now the case. And the seasonal drop in production to 76.7 index points in December 2018 was the worst since the global economic crisis.

Also the trend in sales pointing downwards since mid-2018

Since the beginning of 2014, turnover has been a growth trend (dotted line in the diagram). This growth trend is 2.5% per year from the beginning of 2014 to June 2019, car production is stagnation.


In July 2018 the growth trend of sales had still shown with 104.8 index points its highest level since the outbreak of the globaly economic crisis in 2008.

Sales of German automobile industry in Germany from 2008 to 2019.

Since then, the sales trend has declined by 3.8% p.a. and reached 101.1 index points in June 2019, the lowest level in two years.


As a result, sales in the German automotive industry are also in crisis.

 

 

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