By Nicky Redl
FRANKFURT--German new registrations slowed in August largely due
to a seasonal turn with one less working day compared with last
year, said auto association body VDA.
August new car registrations came in 5% lower on the year at
214,100 vehicles.
"Seasonally adjusted the registration volume is at the previous
year's level," VDA said.
"The stabilization of the domestic passenger car market that
could be noticed in July has apparently continued also in August.
It's encouraging that domestic orders have risen 2%," VDA President
Matthias Wissmann said.
Exports increased 3% on the year to 293,900 vehicles in
August.
The number of new cars registered between January and August in
Germany declined 7% on the year to 1.97 million.
Write to Nicky Redl at nicky.redl@dowjones.com