German car sales up in February

3rd March 2014, Comments 0 comments

New car registrations in Germany, a key measure of demand in one of the most crucial sectors of Europe's top economy, rose in February, data showed on Monday.

A total 209,400 new cars were registered last month, an increase of 4.0 percent over the same month in 2013, according to data compiled by the VDA industry federation.

"This year, we're coming to Lake Geneva with particular confidence," VDA president Matthias Wismann told a news conference ahead of the Geneva Motor Show which opens this week.

"We are confident that the 'automobile spring', which traditionally begins with the Geneva show, will be a lot stronger and more dynamic than a year ago. Prospects are considerably brighter," Wissmann said.

Domestic new orders for cars rose by 13 percent in February and foreign orders were up 8.0 percent.

Export sales of German cars increased by 7.0 percent to 379,800 units. And a total 493,200 cars rolled off German production lines, an increase of 7.0 percent, VDA calculated.

© 2014 AFP

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