After Germany’s sudden 3.8 percent sales rise in April, this site did not buy into the sentiment that the worst is over in Europe. It’s not. After the calendar-induced April fool’s gold, the German market continued its downward run, with the rest of Europe sure to follow.
Germany in May is down 9.9 percent compared to May 2012, Germany’s Kraftfahrtbundesamt says. Five months into the year, the German market is down 8.8 percent.
Expectedly, all volume brands are down hard, from Audi (- 9.7 percent) all the way to Volkswagen (-10.1 percent.) Ford looks pretty good with only a slight 0.9 percent loss. Opel (-16.3 %) and Chevrolet (-22.9 percent) have been roughed-up. Opel is down 11.2 percent for the year, Chevrolet lost 17 percent in the first five months.