Europe: Germany sees May sales drop 6.7 percent image

German new car registrations slid 6.7 percent last month to 256,400 autos, according to figures coming from the German motor transport authority (KBA), as this May was short on two business days against the same period last year.

According to the VDA automotive industry association, if the deliveries were adjusted to take into account the extra selling days from last year, the sales would have been up four percent, with the VDA estimating the German car market now healthier than earlier predicted, said President Matthias Wissmann in a prepared statement. Europe’s largest market has seen sales after the first five months of the year grow 3.6 eprcent to 1.3 million autos and equity researchers Evercore ISI predict the overall tally for the year would show an increase of 2.5 percent – last year the total stood at 3.04 million vehicles. “Sentiment is generally strong. We expect some seasonal moderation moving into summer mode but that’s normal,” reported Evercore ISI analyst Arndt Ellinghorst for the firm’s investors.

The victors for the month were Mitsubishi, who saw deliveries jump 83 percent, followed by Daimler’s city Smart brand, also jumping 70 percent and America’s Jeep was also very content with its own 52 percent surge owed to the introduction of the renegade subcompact sport utility vehicle. On the other hand, the top-selling VW brand slid 3.8 percent and Opel plummeted 20 percent. Ford was not far behind with a drop of 17.5 percent, while Audi was down 13 percent, BMW was down 9.1 percent and Mercedes-Benz slid 2.4 percent.

Via Automotive News Europe