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Automotive market and motor vehicle production: Crash after a record level?

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  • Reinhard Hild

Abstract

In 2007 6.21 million motor vehicles were produced in Germany. This was a record in the history of the German automotive industry. The apex of business activity in car making was reached in the last months of 2007. Since then the incoming orders for German motor vehicle manufacturing have sunk rapidly. For 2009 a 5 percent decline in car production is expected. In terms of quantity, this would be a drop to below the production level of 2005. This estimate assumes, however, that the financial market turbulence is brought under control in 2009 and that no fundamental disturbance of global structures comes from oil prices. But even under these assumptions, a "crash" on the worldwide automotive market in 2009 cannot be ruled out.

Suggested Citation

  • Reinhard Hild, 2008. "Automotive market and motor vehicle production: Crash after a record level?," ifo Schnelldienst, ifo Institute - Leibniz Institute for Economic Research at the University of Munich, vol. 61(23), pages 35-48, December.
    • Handle: RePEc:ces:ifosdt:v:61:y:2008:i:23:p:35-48
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    File URL: https://www.ifo.de/DocDL/ifosd_2008_23_5.pdf
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    Cited by:

    1. Legler, Harald & Gehrke, Birgit & Krawczyk, Olaf & Schasse, Ulrich & Rammer, Christian & Leheyda, Nina & Sofka, Wolfgang, 2009. "Die Bedeutung der Automobilindustrie für die deutsche Volkswirtschaft im europäischen Kontext: Endbericht an das Bundesministerium für Wirtschaft und Technologie," ZEW Expertises, ZEW - Leibniz Centre for European Economic Research, number 110502.

    More about this item

    JEL classification:

    • L62 - Industrial Organization - - Industry Studies: Manufacturing - - - Automobiles; Other Transportation Equipment; Related Parts and Equipment

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