German June New Car Registrations Up Nearly 3% On Year - VDIK

Date : 07/03/2012 @ 5:40AM
Source : Dow Jones News
Stock : Ford Motor Company (F)
Quote : 11.34  -0.13 (-1.13%) @ 7:24PM

German June New Car Registrations Up Nearly 3% On Year - VDIK

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German new car registrations rose nearly 3% on the year in June, due to positive consumer sentiment and higher demand for Diesel cars, international vehicle manufacturing association VDIK said Tuesday.

MAIN FACTS:

-New car registrations amounted to 296.000 units in June.

-For the January to June period, new car registrations were up close to 1% on the year at 1.6 million units. Of this, 780,000 vehicles were Diesel cars, a rise of 5% on the year.

-However, incoming orders have fallen on the year, VDIK said, and doesn't expect growth in the second half of the year.

-"I however expect that the car market will be relatively stable," VDIK president Volker Lange added.

-Write to the Frankfurt Bureau at djnews.frankfurt@dowjones.com




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