Cars in Germany | The Observatory of Economic Complexity (2024)

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Cars in Germany | The Observatory of Economic Complexity? ›

Imports In 2022, Germany imported $67.7B in Cars, becoming the 2nd largest importer of Cars in the world. At the same year, Cars was the 2nd most imported product in Germany. Germany imports Cars primarily from: Spain ($7.69B), United States ($6.75B), Slovakia ($6.73B), Czechia ($5.82B), and France ($4.77B).

Economic Complexity

Germany has a high level of specialization in Artificial Textile Machinery (6.84), Hops (5.2), Electric Locomotives (4.86), Microscopes (4.77), and Cermets (4.38). Specialization is measured using RCA, an index that takes the ratio between Germany observed and expected exports in each product.

German cars are known for their longevity and durability, often retaining their value over the years. This reputation is a testament to the quality of engineering and manufacturing that goes into every vehicle, preserving their appeal for generations of drivers.

With a robust demand for luxury vehicles from brands like BMW, Mercedes-Benz, and Audi, Chinese consumers solidified China as the number one importer of German vehicles. In 2021, Germany exported over 16.7 billion Euros worth of passenger vehicles to China and over 15 billion Euros worth to the United States.

With Mercedes-Benz's pursuit of perfection, BMW's dedication to dynamic driving, Audi's embrace of technological advancement, and Porsche's commitment to precision crafted performance, these leading German automakers exemplify the relentless pursuit of automotive excellence.

Germany has the world's fourth-largest economy. It is unique for its combination of a thriving culture of innovation, a focus on exports and a robust SME sector. The Federal Government aims to create a social-environmental market economy in Germany.

German cars are renowned for their precision engineering, superior performance and luxurious features. Ensuring that only genuine parts are used to maintain your car's performance, quality, reliability, and safety is essential.

Reliability issues aside, German cars are ideal for those craving speed and comfort, and the peace of mind that they only have to change vehicles on average every 200,000-250,000 miles (with proper maintenance).

Since then, German engineers have played an essential role in developing what we know now as cars. Modern German cars are known for their luxurious look, powerful engines, and precision engineering. German cars are often the most expensive because of the quality and manner of their production.

Volkswagen | 480,967 new registrations (2022)

Volkswagen ranks first as Germany's most popular car brand, with 480,967 new registrations last year. Established in 1937, Volkswagen is one of the best-known German car brands worldwide, renowned for its high-quality, stylish design.

What is Germany best-selling car? ›

The VW Golf has been the best-selling car model in Germany for every calendar year since 1981. It was last outsold in 1980 — by the Mercedes-Benz W123 (E-Class).

Germany: 85%

It's no surprise that Volkswagen leads the new-car market in its home country, given that it's the biggest-selling carmaker in all of Europe. Also no surprise: The best-selling car in Germany last year was VW's golf, one of the most ubiquitous and award-winning vehicles in the world.

A “super Mercedes” parade car built for and used by Adolf Hitler during World War II is to be sold at auction on Wednesday. The Nazi dictator's Mercedes-Benz 770 Grosser Offener Tourenwagen, which the U.S. Army seized after the war, is one of just three in private hands. Only five models remain in existence.

The best or nothing. The Ultimate Driving Machine. Truth in Engineering. These are the current taglines of Mercedes, BMW and Audi, respectively, the German auto-making trio that is battling for the lead in U.S. and global luxury car sales.

The Benz Patent-Motorwagen ("patent motorcar"), built in 1885 by the German Karl Benz, is widely regarded as the first practical modern automobile and was the first car put into production.

The government system is a federal republic; the chief of state is the president, and the head of government is the chancellor. Germany has a mixed economic system which includes a variety of private freedom, combined with centralized economic planning and government regulation.

Business is taken seriously and German values such as fairness, loyalty, punctuality, professionalism, and reliability should be reciprocated. In general, German business mentality means that negotiations are fair and agreements are rarely changed or disrupted at the last minute.

The German economy is in "troubled waters," according to country's economy minister. Robert Habeck said the German government's forecast for economic growth for 2024 had been revised down from 1.3% to 0.2%.

What type of economic system best describes Germany? Germany's economic system is best described as a social market economy. This system combines a free-market capitalist approach with social policies that establish a degree of government regulation in the economy and a welfare state.