The FINANCIAL — New car registrations in Germany in June rose 13% on the year, despite signs of a slowdown in global markets, according to Nasdaq.
New car registrations, a mirror for sales, hit 313,600 in Europe’s largest car market in June, according to data released by the German automotive industry association VDA on July 2. In the first six months, new car sales rose 5% on the year.
“The German car market is on track,” VDA President Matthias Wissmann said, referring to the increase.
For the full-year, the association expects a growth of 2% to about 3.1 million vehicles.
However, Mr. Wissmann said growth in the global markets was slowing, despite increases in major car markets.
European car sales have been strong so far this year, with France up 6.1%, Italy rising 15% and Spain surging 22% in the first half of the year. ACEA, the European association of auto makers, is slated to release June registration data on July 18.
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