trending Market Intelligence /marketintelligence/en/news-insights/trending/qizgdraj5yiyJkwNY9_SwQ2 content
Log in to other products

Login to Market Intelligence Platform


Looking for more?

Contact Us

Request a Demo

You're one step closer to unlocking our suite of comprehensive and robust tools.

Fill out the form so we can connect you to the right person.

If your company has a current subscription with S&P Global Market Intelligence, you can register as a new user for access to the platform(s) covered by your license at Market Intelligence platform or S&P Capital IQ.

  • First Name*
  • Last Name*
  • Business Email *
  • Phone *
  • Company Name *
  • City *
  • We generated a verification code for you

  • Enter verification Code here*

* Required

Thank you for your interest in S&P Global Market Intelligence! We noticed you've identified yourself as a student. Through existing partnerships with academic institutions around the globe, it's likely you already have access to our resources. Please contact your professors, library, or administrative staff to receive your student login.

At this time we are unable to offer free trials or product demonstrations directly to students. If you discover that our solutions are not available to you, we encourage you to advocate at your university for a best-in-class learning experience that will help you long after you've completed your degree. We apologize for any inconvenience this may cause.

In This List

German car production down 9% in 2019 over weakening exports

Gauging Supply Chain Risk In Volatile Times

S&P Global Market Intelligence

Cannabis: Hashing Out a Budding Industry


IFRS 9 Impairment How It Impacts Your Corporation And How We Can Help

The Market Intelligence Platform

German car production down 9% in 2019 over weakening exports

Germany's annual car production fell 9% to 4.66 million units in 2019 due to waning overseas demand, Bloomberg News reported Jan. 6, citing data from the German Association of the Automotive Industry, or VDA.

Declining exports coupled with trade conflicts, slowing economies and pollution concerns made worse by Volkswagen AG's diesel emissions scandal have taken a toll on demand from international markets, according to the report. The production figure is the weakest since 1996, Bloomberg said.

Daimler AG, Volkswagen AG, Bayerische Motoren Werke AG and automotive-parts maker Continental AG have implemented job cuts to save costs. The VDA reportedly predicts that job losses will further accelerate this year as automakers shift to producing electric cars, which require fewer parts and less labor.

The VDA also expects global car deliveries in 2020 to fall to 78.9 million vehicles from 80.1 million units in 2019, Bloomberg said. It reportedly noted the industry's need to invest in initiatives to develop cleaner vehicles and counter the rise of ride-sharing services such as Uber Technologies Inc.

According to the report, Germany's domestic auto market grew 5% in 2019 following 3.6 million new car registrations but the VDA said the market will likely decline in 2020.