The German car industry was get rid of the financial crisis even earlier than expected in 2010. Along with the global economic recovery, the German car industry is expected to be even more outstanding performance in 2011.
In 2009, the German car industry was as bad as other part in the world, downsizing, reduction and a sharp decline in profits. But one year later, German car industry miraculously speed up all recovery than expected. Good results obtained by different factors, the United States, Europe and emerging market car sales grew up as well, because of euro price has declined, the price is more competitive than other countries, and the biggest impetus is from the China market.
The German automobile federation President Marty is expected German car production can reach 5.5 million in 2010, a growth rate of 10%. Annual car exports can be increased 21% to 4.15 million, In 2010 German car main export market is east Asia and the United States. At the same time, in 2010, the German brand sells rate in overseas market was even higher than domestic market. Wiseman is expected the car production could be reached over 5.7 million in overseas market in 2010.
At present, China market has become the most important source of profits in Germany. Such as BMW 7 series, Mercedes and Audi S series these kinds of luxury cars. Because of this, the German dealer attaches great importance to the China market. In order to satisfy the strong demands from China market, the German car workers started working after Christmas.Wiseman said another important reason of German car industry rapid recovery very fast is that the financial crisis stage investment in research did not decrease, Germany in the global market share of car industry increase mainly benefited from the German car leading technical superiority and quality brand.
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