The Registrations of MINI vehicles in Germany attained a value of 44,152 Units in 2020
The indicator recorded a historical decline (CAGR) of 1.86% between 2017 to 2020, and is expected to grow by...
GlobalData projects the indicator to grow 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.
Who are the leading players in the German market and what are their offerings?
Honda Motors Co Ltd is one of the largest players in the German market. The company is based in Tokyo, Japan, and designs, manufactures, and markets automobiles, motorcycles, power products, and aviation products. Honda produces passenger cars, light trucks, mini vehicles, general purpose engines, outboard marine engines, lawn mowers, riding mowers, water pumps, brush cutters, tillers, walking assist devices, snow blowers, robotic mowers, generators, and portable battery inverter power sources. Honda also provides retail lending and leasing services to customers and wholesale financing to dealers. Honda's automobiles use gasoline engines of four, three or six‐cylinder, gasoline‐electric hybrid systems, diesel engines and gasoline‐electric plug‐in hybrid systems. Honda also offers alternative fuel‐powered vehicles such as ethanol, natural gas, and fuel cell vehicles. Automobiles are produced by the company at two sites in Japan, which include the Suzuka and the Saitama factory. Honda's major manufacturing facilities are located in Japan, the US, Canada, Mexico, the UK, Turkey, Italy, France, China, India, Indonesia, Malaysia, Thailand, Vietnam, Argentina, and Brazil.
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