German car market posts solid rise

11th May 2004, Comments 0 comments

11 May 2004 , FLENSBURG - Germany's domestic car market showed a solid gain in new registrations in April, giving a boost to the outlook of the German automotive industry, according to government figures Tuesday. The Federal Vehicles Office in Flensburg said 297,126 private cars were registered in April, up 3.4 percent on April 2003 levels and a 4.5 percent rise over March figures. The gain helped to recover some of the ground lost in the first quarter of the year. After four months, car registrations, at

11 May 2004

FLENSBURG - Germany's domestic car market showed a solid gain in new registrations in April, giving a boost to the outlook of the German automotive industry, according to government figures Tuesday.

The Federal Vehicles Office in Flensburg said 297,126 private cars were registered in April, up 3.4 percent on April 2003 levels and a 4.5 percent rise over March figures.

The gain helped to recover some of the ground lost in the first quarter of the year. After four months, car registrations, at 1,062,393, were down 1.1 percent from those in the January-April 2003 period.

Benefiting from the upswing in the German market were Japanese and South Korean car companies, the figures showed. In the first four months, the two Asian countries' cars accounted for 156,926 of the registrations, up 11.7 percent on the same period last year.

This also boosted the Asians' share to 14.8 percent of the market, up from 13.1 percent in the first four months of 2003.

DPA

Subject: German news 

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