German sales will see increasing gains from 2023, S&P Global says

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Despite the current decline in demand, the German new-car market is likely to turn positive this year, according to analysts at S&P Global Mobility.

“The market is not sustaining the growth of the first half of the year, but we expect it to reach around 2.8 million passenger cars in the current year,” said Martin Benecke, a senior manager at S&P Global Mobility, formerly IHS Automotive.

Last year, German registrations reached 2.7 million.

Benecke expects the German market to…

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