The Registrations of Dacia vehicles in Germany attained a value of 50,704 Units in 2020
The indicator recorded a historical decline (CAGR) of 6.82% between 2017 to 2020, and is expected to grow by...
GlobalData projects the indicator to decline at a CAGR of...
Car manufacturing industry in Germany
The German car manufacturing industry, which is the largest in Europe, declined in both value and volume terms over the historic period. The industry suffered a particularly steep decline in 2020 amid the COVID-19 pandemic. The industry looks set to recover in the forecast period. Like much of the rest of Europe, car sharing start-ups have dented growth in Germany’s sales, as an increasing number of Germans, especially those belonging to the younger segments of society, opt to share vehicles rather than purchase their own due to financial restraints or environmental reasons. Car2Go, which is owned by Daimler AG, is a prime example of a successful car sharing platform that has cemented its position, especially in the urban centers of Germany.
Market analysis of car manufacturing industry in Germany
A huge drop in volume and value was seen in 2020 amid the COVID-19 pandemic. There has been severe disruption in the export of Chinese parts and widespread manufacturing plant closures around the world. This meant that the manufacturing of cars was impacted. What’s more, consumer confidence is lowered as jobs are placed at risk and the economy stalls. As such, spend on new cars has been constrained, which reduces demand in the car manufacturing industry.
Automobile Dacia S.A.
Automobile Dacia S.A. (Dacia Romania), a subsidiary of Renault SA, is an automobile company. It manufactures and markets passenger cars and accessories across the country. The company's models consist of Dacia Logan, Dacia Duster, Dacia Dokker, Dacia Lodgy, Dacia Dokker Van, Dacia Sandero, Dacia Sandero Stepway, Noul Sandero, Noul Logan and others. The company's services include finance leases, operating leases and others. Dacia Romania is headquartered in Mioveni, Romania.
Company overview
Renault SA (Renault or 'the company') is one of leading European automobile manufacturers. The company manufactures, designs and distributes light commercial vehicles, passenger cars, and electric vehicles. Renault operates through an alliance with Nissan Motor and owns Renault, Dacia, Alpine, Lada and Renault Samsung Motors brands. It also offers a range of financing solutions to new vehicles, used vehicles, and replacement parts and services through RCI Bank and Services for better experience in automotive mobility, with both new and used cars. Renault's operations are spread across Europe, Eurasia, North America, South America, Asia-Pacific, Middle East and Africa. The company is headquartered in Boulogne-Billancourt, Ile-de-France, France.
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