German car sales continue to fall, exports up
Official figures from the VDA car group have revealed a further fall in German car sales.
According to the VDA, domestic sales plummeted by 32% in April compared with a year earlier with a total of 259,500 cars registered in Europe’s largest car market.
However, the fall was expected due to a slump in demand as the country’s car scrappage scheme ended in September last year.
Car sales have now declined for five straight months.
Meanwhile, figures also showed German car exports surged in April against a year earlier.
Germany is the world’s second largest exporter behind China.
According to VDA, three-quarters of all German cars produced last month were sold overseas, and VDA president Matthias Wissmann said: “Strong international demand for German models underscores the performance of this industry.”
Overall production posted its eighth consecutive increase, rising by one quarter to 469,400 units, but the VDA cautioned that “this trend should nonetheless not continue throughout the year.”
In other news today, German retail sales fell unexpectedly in March, according to the national statistics office Destatis.
Retail sales in the euro zone’s largest economy fell by 2.4% from February, while on an annual basis, retail sales were 0.8% lower than in March 2009, said Destatis.