Sales of new cars in Germany surged by over eight percent in September against a backdrop of falling consumer confidence in other major European economies.
Data on Thursday showed euro-zone retail sales fell 1 percent in August over the previous year.
Germany’s car market growth contrasts with nearly 1.5 percent declines recorded in France and Spain, and an even more bearish 5.7 percent drop in Italian car sales.
Over 2.4 million cars have been sold on the German market so far this year – a plus of almost 11 percent. Large vans grew 44.5 percent, SUVs 28.3 percent, the Upper-class added 36.8 percent.
However German motor vehicle authority KBA said there were slower sales of small cars popular during a subsidy-induced boom, down 14 percent in the first nine months in a market that grew 11 percent.
Total sales of Daimler’s Mercedes-Benz Cars unit, including smart fortwo cars, in September were 129,476, just 0.7% ahead of the September 2010 figure, with smart sales down 15.6% at 8,494 units.