A total of 2.65 million new cars were sold in Germany last year, 1.1% more than in 2021.
Frankfurt (awp/afp) – The rush of buyers for electric cars at the end of the year allowed the German automobile market to pick up some color in 2022, after two years of deep crisis.
A total of 2.65 million new cars were sold in Germany last year, 1.1% more than in 2021, the Federal Automobile Agency (KBA) said in a statement.
The flagship sector of Europe’s largest economy has stopped the bleeding after the negative records recorded in 2020 and 2021, the lowest annual sales levels since reunification.
First hit by the economic shock of the pandemic, then component shortages and the brakes on international supply chains, the automotive market has had to cope this year with rising energy prices and record inflation. .
Although it has rebounded significantly since August, caution remains in order for 2023 as the outlook for the global economy remains clouded by the consequences of the Russian war in Ukraine.
In December, the increase in new registrations reached 38.1% over one year, allowing the sector to end the year on a “positive” note, notes the Agency.