German car market
According to data released by the German Federal Agency for Automobile Transport and the German Automobile Industry Association, in 2011, the German automobile market sold 3,697,290 new cars, a decrease of 1.9% compared with 2010; of which, 3,173,634 were passenger car sales, a decrease of 2.8%. In the context of the European debt crisis and the overall contraction of the European market, the performance of the German auto market in 2014 was much more stable than many expectations; compared with other European developed countries, the German auto market is declining.