German market of new cars falling by 30% due to WLTP
in Market News
Published on October 23, 2018
Germany has known a big fall in its market of new cars in September. According to the Federal Motor Transport Authority (KBA) 200,000 vehicles were sold over that month, which represents a decrease of 30% compared to the same period last year.
The main reason for KBA is the new WLTP certification taking that took effect on September 1st.
This certification was made in Europe to have a better control on testing procedures as the previous NEDC (New European Driving Cycle) was actually hiding 42% of the real gasoline consumption, helped by some car manufacturers.
If it took effect on September, the reality is that NEDC will be used until January of next year, meanwhile, the tests will be a kind of mix between the 2 certifications.
To anticipate the new WLTP and its consequences, consumers bought in August, making the market growing by 24.7%. Even though this new certification is getting the manufacturers nervous, Germany is still having an annual growth of 2.4% on its market of new vehicles.
Source : Xinhuanet.com