German Auto Sales Up 2% in July image

New vehicle registrations in Germany increased 2% in July, as new models helped Mercedes and Opel increase sales, while VW dropped.

Registrations in Germany last month reached 253,146 vehicles, while sales during the first seven months dropped 7% to 1.76 million units, according to the country’s federal transport authority. The increase in July was also helped by the extra day compared with July 2012, but also by the heavy discounts offered by automakers, which attracted customers.

The car importers association said that July’s sales were helped by an increase of 5% in private vehicle registrations. VDIK President Volker Lange said that sales have begun to stabilize after a very weak beginning of the year and that stronger demand is expected in the following months.

“The German car market is not out of the woods yet, but July is a good start for the stabilization we expect in the second half,” said Matthias Wissmann, president of Germany’s automotive industry association VDA.

Opel’s sales increased 11% in July, thanks to high demand for the Cascada convertible and the Mokka small SUV, while Ford was up 2%. Mercedes, Mazda, Jaguar, BMW and Chevrolet, all reported double digit gains for the month.

Source: Autonews