Germany New Car Registrations Fall 3.9% in July
02 8월 2016 - 8:52PM
Dow Jones News
By William Wilkes
FRANKFURT--New car registrations fell in Germany in July,
federal motor vehicle agency KBA said Tuesday, with two fewer
working days contributing to the decline.
July registrations fell 3.9% to 278,866 new cars. The decline in
registrations, a mirror of sales, followed a gain of 8% in June. In
the first seven months, they were up 5.4% to 2.01 million, KBA
said.
Europe's car market has been on an upswing this year, with the
region rebounding from the low volumes triggered by the financial
crisis. But analysts have said they expected growth to slow in the
second half.
New car registrations in Germany, Europe's largest car market,
are expected to rise 3% to about 3.3 million cars, according to
German auto industry group VDA.
Elsewhere in Europe, French new car registrations fell 9.6% in
July, while Italian registrations were up 2.9%.
Among the car manufacturers, Volkswagen AG (VOW.XE) retained the
largest market share at 20%, but sales of its cars were 13% lower
than in July 2014.
-Write to William Wilkes at william.wilkes@wsj.com
(END) Dow Jones Newswires
August 02, 2016 07:37 ET (11:37 GMT)
Copyright (c) 2016 Dow Jones & Company, Inc.
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