German auto sales growth slows: trade data

, Comments 0 comments

Sales of new cars in Germany rose by three percent in April from the equivalent figure last year, a sharp slowdown from the March rate of 11 percent, the VDA sector federation said on Tuesday.

A total of 266,380 vehicles were delivered in the biggest European auto market, VDA data showed, while figures since the beginning of the year showed a gain of 11 percent to nearly 1.03 million vehicles.

The German market "is in a normalisation process," VDA president Matthias Wissmann noted.

Exports gained two percent to 358,000 vehicles in April on an annualised basis, while overall production was also two percent higher at 472,000 units.

Manufacturers of German luxury autos forecast a bumper year owing to strong demand in emerging markets, led by China which is now the world's biggest auto market.

© 2011 AFP

0 Comments To This Article