German car sales: slight increase in October image

Germany registered a 1% year on year increase in new car registrations during October 2011, reaching 258, 400 new vehicles, with a 10% increase, up to 2.6 million vehicles, in the cumulative car registration for January – October 2011 period compared to same period last year.

In October, domestic car brand registrations gathered more than 71% from the new vehicles total, which means that 4 out of 5 cars were German brands. Also, diesel car registrations summed up 48% of the total registrations, compared to 45% in the same period last year.

Car production also registered a slight 2% increase up to approximately 490,000 vehicles.

Matthias Wissmann, president of VDA auto insdustry association stated:

“For the year as a whole we still expect new record levels in both production and exports. Assembly at our plants has been boosted by the strong export demand in particular. This underlines once again the importance of our global presence for Germany as an industrial location.”

This year, German manufacturers exported 378,000, for a total of 3.8 million cars exported since the beginning of the year., especially due to increased demand on China and U.S. markets.

German Car Sales - October 2011