The German Pope, Ferdinand Dudenhöffer, CAR-Center Automotive Research at the University of Duisburg-Essen, painted black: “we are Currently experiencing the biggest slump in the world car market for more than 20 years.” U.S. President Donald Trump to put his recent threat to impose further U.S. imports in the volume of 300 billion dollars of punitive tariffs, predicts Dudenhöffer even a “world car crisis”.
Greater crisis than ten years ago?
This could even make the massive slump after the collapse of U.S. Bank Lehman Brothers in September 2008, in the shadows. At that time, the US car giant General Motors (GM) and Chrysler had to apply to submit bankruptcy according to Chapter 11 of the U.S. trade law. The US car market slumped from 16.1 million cars in 2007 to about 35 per cent to 10.4 million sales in 2009.
globally, four million less cars
“According to our rather conservative forecast will go back in 2019, new car sales compared to the previous year worldwide, more than four million cars,” says Dudenhöffer. The reason is the persistent slowdown in China in the first place. In the first five months, new car sales are about 14 percent. Thus, the new-car market in China in the twelfth month in a row in the Minus. Although the Chinese government counter-measures plans, such as the delayed introduction of Euro-6 emission regulations – “but even with a cushion the decline,” said Dudenhöffer, “is to be expected over the year, with a fall in sales in China of more than ten percent.”
In Switzerland, the business
buzzing, From the Swiss point of view, the sale of see forecasts, of course, is not so bleak. On the contrary, The sales curve shows after the change to the WLTP test-cycle and this related delivery problems back to the top. So far 128’745 new cars sold in 2019 represents an increase of 1.8 percent compared to the previous year. And the importer Association Auto-Schweiz expects to end the year with sales of 308’000 new cars, what would correspond to a Plus of nearly three per cent compared to the previous year.