Germany’s new car market last month showed its first signs of growth this year, according to the VDA car industry federation.
A total of 255,000 new cars were registered in August, up 1% on twelve months before – the first month to register a year-on-year rise in 2001 so far. The initial seven months of the year posted a 2.5% fall in registrations, though the decline had narrowed to 1% in July.
August also saw a 1% year-on-year growth in domestic car orders, again the first increase of the year. Allied to a 22% rise in car exports, this produced a 21% jump in German car production.
News source: Handelsblatt (Germany)