German new car registrations down 4.2 percent in January

Posted on February 2nd, 2010 by News in Manufacturers, News

German new car registrations down 4.2 percent in January

New car registrations in Germany fell in January for the second month in a row, bucking the trend in other major European markets where sales are growing thanks to government incentives.

The VDIK foreign carmakers association said registrations fell 4.2 percent on January 2009 to 181,500 vehicles, the weakest monthly total since German unification in 1990 and the drop came even though sales had already shrunk 14 percent in January 2009.

As widely predicted Demand in Germany has slumped sharply since a 5 billion euro ($6.96 billion) government vehicle scrapping scheme ran out of funds at the start of September, and declining orders are now starting to feed through to new car registration statistics.

The VDIK foreign carmakers association forecast back in December that German new-car registrations for 2010 would sink to between 2.8 million and 2.9 million vehicles from about 3.8 million in 2009, when government incentives fuelled a 23 percent gain in the market.

This forecast range is roughly in line with the expectations of rival German automaker association VDA for 2.75 million to 3.0 million and these estimates are below the 3.09 million cars registered two years ago, which was the lowest since reunification.

Source: Automotive News

Get a CAP Used Car Valuation for just £3.50 - What The Professionals Use

The Motor Trade Insider Guide To Buying New Cars

Search terms for the article:

  • Reg transfers
      UK certificate – UK Vehicle If you hold a registration mark on either a V750 certificate of entitlement or [...]...
  • German new car registrations expected to be down in December
    Contrary to other main European markets the biggest new-car market in Germany has declined for the first month since the [...]...
  • German post-scrappage sales remain bouyant
    New car registrations in Germany grew by around 20 percent year-on-year in November according to a source at the VDIK [...]...
  • 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 [...]...
  • 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 [...]...
  • German new car registrations up 40 percent in May
    German car sales rose 40 percent in May, spurred by the continuing government scrappage incentives, but shares in car companies [...]...

    • Comments are closed.

    Automotive Industry News

    About MTI

    Motor Trade Insider
    Our aims:
    Build a bridge between consumers and the trade.

    Create Interesting and informative content.

    Break down barriers and create better understanding.

    Expose bad practices and rip-offs.

    Promote outstanding products and services.

    Motor Trade Insider is written by people working actively in the motor trade for people on the inside and people on the outside.

    Motor Trade Insider New Car Buying, Used Car Buying, Used Car Prices, Used Car Values UK. Car buying guide. Whether you’re buying a new car or interested in used cars or car valuation or just general information and advice on the motor trade and UK Automotive Industry.

    Valid CSS!

    Valid XHTML 1.0 Transitional

    [Valid RSS]

    Bargain of the Week

    Bargain of the Week – Land Rover Discovery

    Bargain of the Week – Land Rover Discovery

    With all the boxes ticked it does make you wonder how the British government think they can keep raising the cost of car ownership to ...

    Bargain of the Week – Ferrari 355

    Its V8 engine became the first road-going Ferrari to have bypass valves built into the exhaust system letting pretty much all of its thunder explode ...

    Bargain of the Week – 2003 Range Rover 3.0 Td6 HSE

    With the recent facelifted Range Rover and Sport doing wonders for sales, forking out for a 10-plate can set you back over 50 big ones ...

    Scrappage

    Order takers stand aside – it’s time to get back to selling cars

    Order takers stand aside – it’s time to get back to selling cars

    A sales manager we spoke to who represents a franchise for a German manufacturer said that normally in the build up to a plate change ...

    Car Makers Premier League – July 2010

    with the headline figure for the month being a 13.2% decrease to 136,446 units. In July 2009 the market had showed its first increase for ...

    The scrappage scheme has ended, get over it

    The continuous changes which the car trade is undergoing means that until staff get the message that customers demand (and deserve) great service and will ...