German new car registrations up 40 percent in June
New car registrations in Germany, Europe’s biggest car market, are up by 40 percent in June. This followed May which also saw a 40 percent rise over the same month last year. New car sales in the first six months of the year were two million units, a gain of 26 percent.
Sales in June were again led by the smallest car models. Sales of Mini-sized cars rose 120 percent, next size up rose 85 percent. Registrations of premium cars, mid-sized models, sports cars and vans fell at double-digit rates, the importer interest group VDIK said.
All in all, Germany expects to sell anywhere between 3.6 million and 3.8 million new cars this year, compared with three million in 2008. Unless the scrappage incentive is extended, the figures will fall back in 2010 with sales of around 2.6 million, experts expect.
Source: Reuters
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