New car sales in Germany were up 20% year-on-year in November to 280,000 despite the country’s scrappage scheme ending in September, Germany’s Association Of International Motor Vehicle Manufacturers, or VDIK, reported.
Go deeper with GlobalData
Discover B2B Marketing That Performs
Combine business intelligence and editorial excellence to reach engaged professionals across 36 leading media platforms.
This follows strong gains in previous months, with new car registrations in the first 11 months of the year up 25% on the year at around 3.59m cars.
The industry association expects 3.8m new cars to be sold in 2009.
However, the outlook for 2010 in Europe’s single largest new car market is less optimistic. The VDA, Germany’s auto industry association, forecasts that new car registrations will drop sharply to between 2.75m and 3m vehicles.
This means that the western European car market next year will not reach the 13.4m vehicles expected for 2009.
The VDA forecasts that global car sales will fall only 5% this year from earlier forecasts of a 16% decline.
The association is predicting global sales will grow by between 1% and 3% in 2010 but cautions that it is too early for an ‘all-clear’ signal.
