FRANKFURT, Dec 3 — The German auto industry’s leading trade group said today it expects next year’s car sales to be the worst since the reunification of the country in 1990.
The German Association of the Automotive Industry said it expects 2.9 million new car registrations in 2009, down from the 3.1 million registrations it anticipates in the current year.
“The automobile market has taken a downward tumble at a pace and magnitude that has never happened before,” said Matthias Wissmann, president of the association.
Wissmann said the crisis has hit carmakers in all countries and that German producers — which include Daimler and Volkswagen — will have to adjust their capacity accordingly.
“This will also have an impact on the employees,” Wissmann said. — AP
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