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Indeed, the statistics paint a grim picture. The Federal Motor Transport Authority's figures reveal that new registrations for brands like Audi have fallen by 18% from the previous year, with overall registrations down 0.4%. These figures signal not just a temporary hiccup but a deeply-rooted problem that could necessitate factory closures and job cuts across the industry.
The situation further escalates as the logistical nightmare continues: the longer cars remain unsold, the more expensive it becomes for manufacturers who are effectively paying rent for these idle assets. While logistics companies benefit in the short term—reveling in the incoming rent from car manufacturers—the long-term implications for the automotive industry do not paint such a rosy picture.