DETROIT and BERLIN, January 13, 2014 /PRNewswire/ --
In 2013 the US market showed some very welcome development: sales of light vehicles (passenger cars and light trucks) rose by nearly 8 percent to 15.5 million units. Furthermore since the crisis year of 2009 it has expanded by around 50 percent. The German manufacturers have kept up with the high-speed growth on the US market which is expected to continue growing in 2014. In 2013 they pushed up their sales of light vehicles by 5 percent, to around 1.33 million units. That is growth of around 75 percent compared with 2009, when the German manufacturers sold 763,000 light vehicles. So over this period we have grown much faster than the market itself.
With a 16 percent share of all German passenger car exports, the United States is the second largest export partner for German automotive manufacturers (after the United Kingdom). Yet in terms of value, exports to the US actually come top for the German manufacturers; the value of their 2013 exports rose by almost 9 percent to 20 billion euro.
Please refer to our website for more information:
VDA - Press Department
SOURCE VDA Verband der Automobilindustrie e.V.