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Growth trends in production and sales in the automotive industry weakened slightly in August - new Quest economic report

(PresseBox) (Bochum, ) The current growth trend in car production in Germany started at the beginning of 2014 and has been continuing since then. From the beginning of 2014 to August 2018, this growth trend is 2.1% per year. This is lower than the 2.8% annual growth in world automobile production between 2007 and 2017.

The Quest Trend Magazine records the trend as an average of the monthly production indices of the last 12 months published by the Federal Statistical Office.

In July, the production growth trend had still marked a new ten-year high. In August, however, the production index dropped to 83.8 index points down to the lower Bollinger Band. The Bollinger Bands comprise 67% of all deviations of production from the average of the last 12 months. Deviations in production remaining within the Bollinger Bands signal a normal situation and not a boom or crisis.

The growth trend in the sales of the automotive industry in Germany from the beginning of 2014 to August 2018 was 3.6% per annum. The growth trend in sales also reached a new ten-year high in July. As with production, the August value of sales is close to the lower Bollinger Band.

The economic report tracks production and sales of the automotive industry in Germany since 2008. This makes it possible to identify trends and their current characteristics.

The new Quest economic report about production and sales in the German automotive industry in August 2018 is available on https://www.quest-trendmagazine.com/en/automobile-industry/germany/german-automobile-production.html

This report is a component of the comprehensive trend analysis of the worldwide automotive industry in the Quest Trend Magazine. The trend reports include the internationalization of the production sites, the world regions of car production, the share of car production in China at the world car production, the market shares of the world market leaders and the market leaders in China. These trend analyses in the Quest Trend Magazine make it easier for manufacturers of automation technology to plan and work the market for one of the most important sales markets for automation technology. An overview of the trend analyses is available on https://www.quest-trendmagazine.com/en/automobile-industry.html

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Quest Trend Magazine

Quest Trend Magazine publishes trends in automation from the users's point of view mainly in machinery industry, automotive and F&B industry. The economic backdrop of these trends are highlighted as well.

The trends are based on market surveys by Quest TechnoMarketing, Bochum, London, specialized in market surveys and marketing for the automation technology for more than 20 years and the publisher of the Quest Trend Magazine in English and German language.

The economic backdrop is analyzed by Quest Research, a department of Quest TechnoMarketing.