GERMANY: Autos group sees 2.9m sales in 2010
Germany's Association Of International Motor Vehicle Manufacturers, or VDIK, on Thursday confirmed it expects new car registrations to slump in 2010 after 2009's figures were boosted by a car scrapping incentive scheme.
The industry association predicts 3.8m new cars will be sold in 2009 in Germany. For 2010, it expects a tally of about 2.8m and, if the economic situation stabilises, up to 2.9m.
"I've always pointed out that 2009 won't be a normal year and expect that up to 1m will be missing in 2010. There will be a decrease in private car sales and an increase in fleet car sales," VDIK president Volker Lange told Dow Jones Newswires.
New registrations of cars with CO2 emission of below 140g/km experienced a surge in demand and will almost double to 1.41m in 2009. Cars with even less that 120 g/km more than doubled to 450,000 units, the association predicted.
At the beginning of December, VDIK said German new car registrations in the first 11 months of the year rose 25% to around 3.59m cars, fueled by the German scrapping incentive scheme. In November alone, this figure was up 20% on the year to 280,000, following strong gains in previous months.