Germany’s new car market grew by a robust 21% in September and orders fell by just 12%, despite the scrappage scheme running out of funds.
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The VDA vehicle manufacturers association said that around 316,000 new cars were registered in September taking the total for the first nine months to almost 3m units – 26% ahead of last year.
The September market gain has surprised some observers after worries that the ending of the scrappage scheme would see sales dry up.
The VDA also said new car orders stood at 471,200 units in September, up 31% from a year earlier, guaranteeing that registrations would remain high for the rest of the year.
The German scheme to scrap cars at least nine years old ran out of money on September 2 but will continue to have an impact on car registrations for months as cars that were ordered under the scheme get delivered.
The VDIK association of importers said it is considering raising its forecast for the 2009 German car market to 3.7m units from a previous forecast of of 3.45m.
