Germany's automobile production in 2019 is only 4.67 million, a 22 year low

Posted 2023-08-04 00:00:00 +0000 UTC

According to the latest research report of the Institute of the university? T Duisburg Essen in Germany, the number of German automobile production in 2019 is only 4.67 million, which is the lowest annual production since 1997. It is reported that in 2019, the market share of German cars in the world is about 5.9%. That is to say, only one of the 17 cars is made in Germany. In 1997, it was 11.8%. Research shows that in 2019, the total global automobile production is 78.8 million, down 5% year on year. Professor Ferdinand dudenh? Ffer, the author of the study, believes that the weakness of the global automobile manufacturing industry is the main reason for the decline of automobile production in Germany. According to dudenhoff, Germany has lost its original position in the world automobile industry due to the decline of automobile production. It is predicted that the annual production of German cars will continue to decline to 4.5 million in 2020, and the production of German cars may slightly increase by 2021.

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