German car market in reverse gear

9th February 2004, Comments 0 comments

9 February 2004 , FLENSBURG - Germany's vehicles market remained in reverse gear in January, with new registrations down by double digits, the Federal Vehicles Office reported Monday. The Flensburg-based office said 230,000 vehicles were registered in January, down by 13 percent from January 2003 and by 12 percent from December levels. Of this figure, the registrations included 207,000 private passenger cars, down by 9 percent from January 2003 and by 11 percent from December, the office said. The figures

9 February 2004

FLENSBURG - Germany's vehicles market remained in reverse gear in January, with new registrations down by double digits, the Federal Vehicles Office reported Monday.

The Flensburg-based office said 230,000 vehicles were registered in January, down by 13 percent from January 2003 and by 12 percent from December levels.

Of this figure, the registrations included 207,000 private passenger cars, down by 9 percent from January 2003 and by 11 percent from December, the office said.

The figures were certain to worry German carmakers, who have been hoping for an upturn on the domestic market to help boost their business to compensate for slow export growth caused by the rise of the euro, car industry analysts say.

The January registration figures come on the heels of the most recent data from the Frankfurt-based German Carmakers Association VDA which showed that car production in 2003 showed zero growth, at some 5.145 million.

Of that figure, exports were up a scant 1 percent at just under 3.67 million.

DPA
Subject: German news

 

 

 

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