Audi’s New Q7 To Weigh Less Than Predecessor
News: German automaker Audi's revamped Q7 will be lighter than the previous model when it is released in Europe in mid-2014, Automotive News reports. The updated Q7 is expected to weigh about 363kg and has been manufactured in Bratislava, Slovakia, where Volkswagen's Touareg and Porsche Cayenne are made. Audi used aluminium and carbon fibre to keep the weight of the car as low as possible. It is also believed that Audi may launch a hybrid version of the Q7.
BMI View: In the first four months of 2013, passenger car sales in Germany declined 8.5% y-o-y, to 958,500 units. BMI forecasts a decrease of 10.0% in passenger car sales over the year. We maintain a bearish outlook for consumer sentiment in the country. Indeed, BMI expects ongoing deterioration in the German labour market, combined with weakness in the euro, to cause private consumption in the country to remain subdued in 2013. We believe that this will serve to moderate passenger car sales growth somewhat, and has informed our sales forecast.