Foreign carmakers grab biggershare of German market

8th July 2004, Comments 0 comments

9 July 2004, BAD HOMBURG - Foreign imported cars slightly increased their share of a shrinking German car market in the first half of 2004, led by Japanese and French brands, the car importers federation VDIK reported Thursday. The federation in Bad Homburg said that overall, the number of new car registrations in Germany declined 1.7 per cent to 1.65 million in the first six months. In a statistical oddity, foreign car sales slipped 0.6 percent, but with German brands sales dropping even more greatly, by

9 July 2004

BAD HOMBURG - Foreign imported cars slightly increased their share of a shrinking German car market in the first half of 2004, led by Japanese and French brands, the car importers federation VDIK reported Thursday.

The federation in Bad Homburg said that overall, the number of new car registrations in Germany declined 1.7 per cent to 1.65 million in the first six months.

In a statistical oddity, foreign car sales slipped 0.6 percent, but with German brands sales dropping even more greatly, by 2.3 percent, the overall market share of imported cars increased to 35.5 percent. A year earlier, the foreign car share was 35.1 percent.

The VDIK, comprised of importers of 24 foreign car brands, said Japanese carmakers accounted for 11.8 per cent of the new registrations in the first six months, followed by 11 per cent for French brands.

The Czech Republic - where VW's "Skoda" brand cars are built - came next at 2.9 percent, just ahead of the 2.7 percent market share each for cars from Italy and South Korea, the VDIK said.

DPA

Subject: German news

0 Comments To This Article