Wissmann: Very welcome year-to-date results – Fourth quarter expected to ease off
The German passenger car market almost achieved double-digit growth in September. New registrations in Germany rose by a good 9 percent to 298,000 units. In the first three quarters of this year new car registrations added 6 percent, rising to nearly 2.6 million. Matthias Wissmann, President of the German Association of the Automotive Industry (VDA), stressed: “The year-to-date results are very welcome. We expect an annual total of 3.3 million new passenger cars, which will be the highest sales figure for seven years.”
However, the speed of growth will ease off slightly during the fourth quarter. In the first nine months of the current year, orders arriving from Germany remained a little below last year’s level (-1 percent). By contrast, orders from abroad increased by 2 percent up to the end of September.
The German manufacturers exported 409,300 passenger cars (-1 percent) in September. Their accumulated total of 3.3 million passenger cars for the first nine months equaled last year’s figure.
Since three out of every four cars produced in Germany are destined for export, domestic production showed a slender fall in September (-2 percent), down to 528,500 units. This year so far around 4.4 million units have been built in Germany (+1 percent).
|September 2016||January - September 2016|
|Passenger cars *)||Volume||Change
16/15 in %
16/15 in %
|German makes incl. group makes||210,600||9||1,818,000||5|