According to the results of the Business Environment Survey of the German-based Economic Research Institute, the score of the German automotive sector decreased.
The German automotive industry, which was 15.4 points in November 2023, decreased by 5.9 points in December to 9.5 points. Industry experts keep their predictions for January 2024 within the 10-point range.
According to this survey, the German automotive industry remained unchanged in December 2023, following a course below expectations. Experts spoke more optimistically, adding that they expected a different result in the same period of 2024.
The number of newly registered vehicles in the automobile market, where competition has intensified with the entry of Chinese automobile brands into Europe, has increased by 7 percent compared to the previous year.
According to the data of the German Automobile Association (VDA), the country's automobile production increased by 18 percent last year compared to the previous year, reaching 4.1 million. 3.1 million of these were sent abroad.
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