German auto industry is optimistic for 2005

Wiesbaden, Germany. A strong surge in new-car sales before Christmas has significantly improved the mood within the German car industry.

The Konjunkturtacho (Economic Tachometer) in December was nine points above the result for the third quarter.

The Konjunkturtacho is carried out quarterly by ACON Applied Consulting on behalf of Automobilwoche. With 72 of 100 possible points, it reached the second highest result since the beginning of the research in the summer of 2002.

The index reflects satisfaction regarding the past quarter and expectations for the coming quarter.

For 2005, German automakers and importers have high expectations for new model introductions. Confidence among Suppliers and dealers has also increased.

"It looks like the industry has passed the trough," says ACON boss Juergen Freitaeger.

Only financial service providers don't seem to be quite as confident. Their expectations for the 2005 car year are still significantly low.

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