German car sales continue to fall, exports up

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 30% in July compared with a year earlier with a total of 237,500 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.

Commenting on the data, VDA president Matthias Wissmann, was optimistic: “Robust orders from abroad and an expected improvement in the domestic market by the end of the year will have a positive effect on the full-year 2010,” he said.

“We should nonetheless not underestimate economics risks such as trends on financial or raw material markets for example,” he cautioned.

Meanwhile, figures showed German car exports rose in July. Germany is the world’s second largest exporter behind China.

VDA said exports were up 6% on the year as global markets recovered, albeit the growth rate was slower than the previous month.

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