German new car registrations rose 19.4% year on year last month, the German international vehicle manufacturers’ association, or VDIK, said on Tuesday.
Go deeper with GlobalData
Most consumers opted for smaller, environmentally friendly models. The market share of VDIK members in the April figures was 41.9%, below the level in March, according to Dow Jones.
The number of new registrations was nearly 380,000. Adjusted for selling days, car registrations rose 30% in April compared with March. New car registrations in the first four months of the year were at the highest level since 1999, the group said.
The VDIK praised the government’s incentive scheme encouraging consumers to trade in old cars for new models.
How well do you really know your competitors?
Access the most comprehensive Company Profiles on the market, powered by GlobalData. Save hours of research. Gain competitive edge.
Thank you!
Your download email will arrive shortly
Not ready to buy yet? Download a free sample
We are confident about the unique quality of our Company Profiles. However, we want you to make the most beneficial decision for your business, so we offer a free sample that you can download by submitting the below form
By GlobalData
