German Car Production In 2019 Is Only 4.67 Million, A Record Low In 22 Years

- Jan 03, 2020-

According to a report by the European Union on the 20th of the European Union, according to a new research report by the University of Duisburg-Essen (University of Duisburg-Essen) in Germany, in 2019, the number of German car production is only 4.67 million This is the lowest annual production volume of German cars since 1997.

According to reports, in 2019, the global market share of German cars is about 5.9%. In other words, only one of the 17 cars is made in Germany. This was 11.8% in 1997.

Research shows that in 2019, the total global car production was 78.8 million, a year-on-year decrease of 5%. Professor Ferdinand Dudenhffer, the author of the study, believes that the weakness in the global automotive industry is the main reason for the decline in German car production.

Dudenhoff said that the decline in car production has caused Germany to lose its original position in the world's auto industry. It is expected that the annual output of German cars will continue to decline to 4.5 million in 2020, and that German car production may increase slightly by 2021.