Germany: New car sales up 15 percent in February image

In Germany, new car registrations were again in positive territory. After a good start in January, February new car sales were up +15.2 percent compared to February 2010, Germany’s Kraftfahrtbundesamt has announced.

60.3 percent of passenger cars were registered for commercial purposes. The diesel share was 46.3 percent, while 94.3 percent were Euro5.

The German manufacturers have also maintained their market shares. Opel was in February at a level of 8.0 percent, on par with Mercedes .

With +71.9 percent Porsche surpassed most clearly the value of February 2010.

Germany’s unemployment rate fell to 7.3% in February from January‘s 7.4%. The country’s job market has performed much better than in many other countries and many believe it is the result of the “Kurzarbeit” scheme, introduced by the German Government, designed to prevent mass redundancies.

J.D. Power said the overall Europe market will be about 18 million new light vehicle sales in 2011.

Germany new car sales February 2011