German new car sales off by 18 percent in September: VDA

4th October 2010, Comments 0 comments

New car registrations in Germany fell by 18 percent in September from the same month a year earlier, figures published on Monday by the automobile federation VDA showed.

The latest fall, the 10th in a row, nonetheless marked an easing in the pace seen in recent months, when drops of around 30 percent were recorded.

Past months have been affected by a comparison effect linked to the ending of a German cash-for-clunkers subsidy a year ago, and the year-on-year figures are now beginning to stabilise.

German exports gained five percent in September meanwhile, for a total of 3.1 million vehicles sold abroad since the beginning of the year, VDA said.

"German manufacturers have been able to post increases in foreign markets since August 2009," a statement quoted federation president Matthias Wissmann as saying.

In Spain, new car sales fell by 26.9 percent in September and were down by 18.89 percent in Italy and by 8.1 percent in France.

The European figures contrasted sharply with data released on Friday in the United States however.

Automakers there posted significant gains in September sales from depressed 2009 levels, with a jump of 28.5 percent to 958,966 vehicles, according to the US sector source Autodata.

© 2010 AFP

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