Germany Slips Behind India In Global Auto Sales
News: Germany has slipped beh ind India to sixth position in g lobal sales as the BRIC s (Brazil, Russia, India and China) continue to make progress in sales of passenger cars and light commercial vehicles , A utomotive News Europe reports. Figures from Focus2Move show Europe ' s biggest market is only 3,134 units ahead of Russia meaning Germany could slip to seventh in 2013. China has been the biggest world market since 2010 which was the same year Brazil past Germany into fourth place. After the first two months of 2013, Italy has climbed back to 10 th position from 12 th while the UK dropped to 16 th .
BMI View: In January 2013, passenger car sales in Germany declined 8.6% y-o-y in January, to 192,100 units. BMI forecasts a decrease of 1.8% in passenger car sales over the year. We maintain this moderately bearish forecast for now, despite the substantial decline in sales volumes in January. In 2012, monthly sales volumes were consistently higher than in 2011 before declining somewhat in the second half of the year; we therefore believe that, on a y-o-y basis, sales volumes are likely to be considerably below 2012 levels in the first few months of the year, before moderating somewhat in the second half of the year.