More optimistic forecast for German automotive industry
19/05/2023
Automotive industry organisation VDA has increased its forecast for the German passenger car market this year. It now predicts growth of 4% year on year, with sales of 2.75 million vehicles.
German car factories produced almost 1.5 million vehicles, for the domestic and export markets, in the first four months of the year, an increase of 35% year on year.