German car sales increase: trade data

New car registrations in Germany increased in July, data shows.

New car registrations in Germany, a key measure of demand in one of the most crucial sectors of Europe's top economy, increased in July, data shows.

A total 253,146 new cars were registered last month, a rise of 2.1 per cent compared to sales in the same month in 2012, according to the official KBA agency.

But over the first seven months of the year combined, 1.756 million cars were registered, 6.7 per cent fewer than in the same period a year earlier, the agency said in a statement.

The European car industry overall has been hard hit by first the financial crisis and then by the effects of the eurozone debt crisis.

However, top German manufacturers have held up better than many other carmakers in Europe, particularly with the export of high-quality cars.


Share

1 min read

Published

Updated

Source: AAP


Share this with family and friends


Get SBS News daily and direct to your Inbox

Sign up now for the latest news from Australia and around the world direct to your inbox.

By subscribing, you agree to SBS’s terms of service and privacy policy including receiving email updates from SBS.

Download our apps
SBS News
SBS Audio
SBS On Demand

Listen to our podcasts
An overview of the day's top stories from SBS News
Interviews and feature reports from SBS News
Your daily ten minute finance and business news wrap with SBS Finance Editor Ricardo Gonçalves.
A daily five minute news wrap for English learners and people with disability
Get the latest with our News podcasts on your favourite podcast apps.

Watch on SBS
SBS World News

SBS World News

Take a global view with Australia's most comprehensive world news service
Watch the latest news videos from Australia and across the world