Big boost to Ger­man new car sales

The Myanmar Times - - International Business -

GER­MAN new car reg­is­tra­tions, a key in­di­ca­tor of con­sumer de­mand, saw a steep rise in Au­gust.

With 245,076 new cars in Au­gust 2016, the fig­ure was 8.3 per­cent higher than the same month in 2015, the KBA trans­port au­thor­ity said.

The re­sult was boosted by two ad­di­tional work­ing days in Au­gust com­pared with 2015, the Ger­man As­so­ci­a­tion of the Au­to­mo­bile In­dus­try (VDA) said.

“Pos­i­tive over­all eco­nomic devel­op­ment in Ger­many and the good em­ploy­ment sit­u­a­tion are also con­tribut­ing at the mo­ment,” VDA pres­i­dent Matthias Wiss­mann said.

An­a­lysts at con­sul­tants Ernst & Young noted that cor­rect­ing for the cal­en­dar ef­fects, the in­crease in reg­is­tra­tions was smaller, at 4.3pc.

Au­gust’s re­sult marks a re­turn to growth for car sales af­ter a blip in July, when fewer cars were sold than in 2015 – which the VDA also put down to cal­en­dar ef­fects.

The KBA said that 836 plug-in hy­brid cars and 895 all-elec­tric ve­hi­cles were reg­is­tered in Au­gust, rep­re­sent­ing in­creases of 46.7pc.

Fig­ures for elec­tric car sales are un­der close scru­tiny af­ter the gov­ern­ment in­tro­duced sub­si­dies of up to 4000 eu­ros (US$4500) for pure electrics and 3000 eu­ros for plug-in hy­brids ear­lier this year.

Ger­man car­mak­ers saw a 7pc in­crease in reg­is­tra­tions over­all to 169,800 in Au­gust, the VDA re­ported, while for­eign man­u­fac­tur­ers’ share rose by 11pc to 75,300.

Among Ger­man brands, Volk­swa­gen, Mercedes, Porsche and Mini all recorded dou­ble-digit per­cent­age in­creases over Au­gust last year.

Volk­swa­gen re­mained the biggest­selling brand in Ger­many, ac­count­ing for 19.9pc of all new cars reg­is­tered in Au­gust.

Au­gust’s fig­ures bring the to­tal num­ber of new cars reg­is­tered in Ger­many since Jan­uary to just un­der 2.3 mil­lion – 6pc higher than the same pe­riod in 2015. –

Photo: AFP

New Volk­swa­gen, Mercedes-Benz, BMW and Porsche cars sit ready for ship­ping in the har­bour of Bre­mer­haven, Ger­many.

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