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DARPA awards Phase 2 SBIR contract for HEV motorcycle prototype
January 20, 2015 By Neville -
Report: Hyundai to cut price of FCV in Korea to compete with Toyota
January 20, 2015 By Neville -
Nissan LEAF is best-selling EV in Europe for fourth year in a row
January 20, 2015 By Neville -
Ford of Europe designer Stefan Lamm joins VW’s Seat brand
January 20, 2015 By Sean -
Ford’s German production to raise as demand rebounds
January 20, 2015 By Sean
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October German car sales continue gains
Car sales in Germany rose 4 percent in October, extending the increase seen so far this year in Europe’s largest auto market despite a weakening domestic economy.
Registrations increased to 275,320 cars last month, driven up by demand for sport-utility vehicles and premium models, with Chrysler’s Jeep and Porsche among the top-performing brands, Germany’s Federal Motor Transport Authority (KBA) said on Tuesday.
The month’s gain extended the year-to-date increase to 3 percent or 2.56 million autos, KBA said, confirming a Reuters report.
However, analysts cautioned that volume growth is driven by commercial registrations while private household purchases continued to falter despite rising wages and strong dealership incentives.
“It’s exclusively due to companies’ relatively high readiness to invest that Germany’s new-car market is currently at least slightly in the black,” said Peter Fuss, a senior partner and automotive specialist in Ernst & Young’s German practice.
Economic output in Germany shrank by 0.2 percent in the second quarter and the Bundesbank has forecast little or no growth at all in the second half of the year.
Germany’s gain contrasts with falling sales in France, the euro zone’s second-biggest autos market, where registrations fell 4 percent last month as consumer confidence waned. Sales improved in Italy and Spain, two markets badly hit during the previous economic recession, where registrations gained 26 percent and 9 percent respectively.