German new car sales up 24 percent in October
Germany’s new-car market grew by 24 percent year-on-year in October even after a car their own scrappage scheme ran out of money in September, the VDIK foreign carmaker association said today.
About 321,000 new cars were registered in Europe’s biggest car market last month, bringing the total in the first 10 months to 3.312 million, a gain of 26 percent.
Berlin’s 5 billion euro ($7.4 billion) program offering motorists 2,500 euros to scrap their old cars and buy new ones ran out of funds on Sept. 2 but will continue to have an impact on registrations for months as cars that were ordered under the scheme get delivered.
New-car sales in Italy, Spain and France also rose sharply in October, helped by government subsidies for car buyers.
Buying A New Car? The Motor Trade Insider Guide To Buying New Cars >>>Click Here<<<
- New car registrations in Germany fell in January for the second month in a row, bucking the trend in other [...]...
- China’s passenger-car sales rose 76 percent in October as economic growth and government stimulus measures spurred demand in the world’s [...]...
- New-car registrations in Germany rose 29.5 percent in July to nearly 340,000 units as motorists continued to cash in on [...]...
- German car sales rose 40 percent in May, spurred by the continuing government scrappage incentives, but shares in car companies [...]...
- German new car sales continue to buck the downward trend as new-car registrations rose by 19.4 percent to nearly 380,000 [...]...
- New car registrations in Germany, Europe’s biggest car market, leapt 40 percent in March to around 401,000 units, up more [...]...
![[Valid RSS]](http://www.motor-trade-insider.com/images/valid-rss.png "Validate my RSS feed")
