In Germany, 269,300 new vehicles were registered in November, an increase of 3.0 percent year-on-year, the German auto industry association VDA said on Friday. Car exports of German brands increased 7% to 426,800, VDA said.
On a year-to-date basis, in the first 11 months of the year, 2.929 million vehicles were sold, up 9.0 percent compared to the same period of 2010.
“2011 is a strong car year. We’re expecting new records in exports, production and sales,” said VDA President Matthias Wissmann.
However, the German car market, Europe’s largest, probably won’t grow next year as the region’s sovereign-debt crisis saps consumer confidence.
BMW said on Oct. 28 that it’s prepared to reduce production by as much as 30 percent. Daimler AG said Oct. 27 that production flexibility enables it to “react quickly to future developments.”
The western European car market will remain unchanged at 12.8 million vehicles next year as long as the economy remains stable, the VDA said. If tensions on financial markets don’t ease, a “slight” decline is possible, Wissmann said.