Germany’s car market posted year-on-year growth of 8.1% in September, a result described by the German auto importers’ association VDIK as ‘pleasing’.
The VDIK said that a total of 280,000 new cars were registered in Germany in September, with a 5% increase in private retail registrations and a 15% gain in commercial registrations.
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In the year-to-date to the end of September, car sales were 11% ahead of the same period last year at 2.4m.
September’s positive result for Europe’s biggest national market comes amid growing concerns over the eurozone debt crisis and what it could mean for the European economy. Germany’s car market has stood out this year as Europe’s strongest as German demand has grown on the back of its high-performing export-led economy.
Elsewhere (notably in France, Spain, UK and Italy), the story is of fragile consumer demand/sentiment alongside weak economic recovery and falling car sales.
But although Germany’s car market was up in September, the rate of growth versus last year was slower than in August (which was running 18% ahead of last year). The outlook for the German car market, as for all car markets in Europe, is highly dependent on developments in the European economy and especially a return to financial stability across the continent.
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By GlobalDataSee also: FRANCE/ITALY: Gloomy outlook after September sales results
