German June car registration up 10%

Gasgoo From Reuters

Reuters (Hamburg) - German auto importers association VDIK said new car registrations in June rose 10 percent from a year earlier and predicted further growth in the second half of the year.

VDIK added it expected the growth trend to continue in July and in the months to follow.

In the first half, 10.5 percent more cars were registered than a year earlier, it added.

"The positive overall economic development is clearly having an effect. The car industry's order backlog has reached an excellent level," the lobby group's president Volker Lange said.

The June growth rate was adjusted for an equal number of working days. More bank holidays in June than in the year-ago period led to a 0.3 percent decline in the non-adjusted figure.

German car association VDA earlier confirmed its forecast of 3.1 million new car registrations for this year, up from 2.92 million last year.

Gasgoo not only offers timely news and profound insight about China auto industry, but also help with business connection and expansion for suppliers and purchasers via multiple channels and methods. Buyer service: buyer-support@gasgoo.com Seller Service: seller-support@gasgoo.com

All Rights Reserved. Do not reproduce, copy and use the editorial content without permission. Contact us: autonews@gasgoo.com