The Registrations of Smart vehicles in Germany attained a value of 16,051 Units in 2020
The indicator recorded a historical decline (CAGR) of 24% 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.
BMW (UK) Ltd (BMW), a subsidiary of BMW (UK) Holdings Ltd, is an automobile company. It is involved in manufacturing and servicing cars. The company’s products categories include a range of BMW Saloon, BMW Convertible, BMW Touring, BMW Coupe, BMW Roadster, BMW sports activity coupe and BMW sports activity vehicle series among others. BMW offers services such as finance, customization, repair and maintenance; and spare parts. BMW also provides used cars for sale. The company operates a vehicle distribution center in Thorne and across other countries. BMW is headquartered in Farnborough, Hampshire, the UK.
Volkswagen AG
Volkswagen AG (Volkswagen or 'the group') is an automobile manufacturers and car manufacturer in Europe. The group develops vehicle, vehicle software, passenger cars, light commercial vehicle, truck, buses and motorcycles. It markets its vehicles under multiple brands names, including Audi, SEAT, Skoda, Bentley, Bugatti, Porsche, Ducati, Volkswagen Commercial Vehicles, Scania, and Cupra. It also offers dealer and customer financing, leasing, banking and insurance, and fleet management services. The group also manufactures marine and industrial engines. It has manufacturing facilities in Salzgitter, Germany and China. Volkswagen has business presence the Americas, Europe, Asia-Pacific and the Middle East. The company is headquartered in Wolfsburg, Germany.
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