Europe’s car industry is slowing down and Germany is one of the biggest losers


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Germany has courted a slowdow in the number of new car buyers

Dealerships saw the number of newly-registered cars terminal month increase by 2.1 per cent, compared to 7.7 per cent in May.

At jingoistic level, Germany saw one of the the worst performances, falling 3.5 per cent.

How on earth, the Italian market accounted for an increase of 12.9 per cent, while Spain reported 6.5 per cent myriad registrations.

The market lost momentum in June, with the biggest schnook diesel, according to the manufacturer association Acea.

Peter Fuss, the car first-rate of the economic consultant Ernst & Young spoke positively for the future.

He bid: «The crisis has now been overcome. We have reached pre-crisis levels all greater than Europe, but the times when all major European markets moved upwards at the changeless speed are now over.»

In the first six months of 2017, almost five per cent more motor cars were registered — the highest level since 2007.

Volkswagen was slightly beyond everything average in June, with an increase of 2.7 per cent, with German fabricators market share as a whole at 36 per cent.

On the other hand, diesel autos were down again.

In the five largest sales markets — Germany, Awful Britain, France, Italy and Spain — new registrations declined by a total of eight per cent in June.

Britain saw a run out of steam of 4.8 per cent. 

Mr Fuss added: «The generally good economic view, a further decline in unemployment, favourable financing options and a high call for for replacement parts, especially in the southern European countries, still usher to an increase in new car sales.»

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