Press release

March 4, 2008

Brand companies on the automotive upswing

Brand-bound car dealerships record rising sales

Würzburg, March 5, 2008

After a long dry spell, branded companies are on the upswing again: the sector index exceeded the 100-point mark in February and increased by seven points. Compared to the same month last year, 41 percent of brand-name companies reported higher turnover and 25 percent reported stable turnover. A good third also registered rising revenues in the new car trade. This was the result of a survey conducted by the Bank Deutsches Kraftfahrzeuggewerbe (BDK) and the weekly journal "kfz-betrieb". kfz-betrieb" reports on the results in issue 10/11, which will be published on March 6.

Despite rising incoming orders in the new car business (January: plus 11 percent), a third of authorized dealers rate the current economic situation in the sector as "poor" and only six percent as "good". The new car dealers surveyed are more positive about their own future business development: one third also expect higher sales in the coming month. Dealers who market Asian vehicles are particularly optimistic: Half expect rising revenues.

Independent service companies take a different view of their economic situation. The poor winter business has dampened the mood. For the first time in eleven months, the industry index value slipped below the 100-point mark. Only 16% of those surveyed achieved higher turnover in the past month. 43 percent recorded lower revenues than in the same period last year due to the decline in the tire business and the drop in maintenance and repair work.

"kfz-betrieb" is a trade magazine published by Vogel Auto Medien, Würzburg. The most widely read trade magazine in the automotive industry has been informing the automotive trade and service sector for 98 years. "kfz-betrieb" is the official organ of the German automotive trade (ZDK), the professional lobby for over 40,000 car dealerships and workshops. Daily news from the entire automotive industry can be found at www.kfz-betrieb.de and in the daily newsletter.

If you have any questions, please contact:
Norbert Rubbel
Redaktion "kfz-betrieb"-Wochenjournal & Online
Ressort Service & Technik
Vogel Auto Medien GmbH & Co. KG
97064 Würzburg
Tel. 0931 418-2634
Fax 0931 418-20 60
E-Mail: norbert_rubbel@vogel-automedien.de

Your contact person

Gunther Schunk

Corporate Communications
Vogel Communications Group GmbH & Co. KG

Phone: 0931 418-2245
E-mail: info@vogel.de

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