German new car sales speed ahead | Fin24
 
  • SA Revenue Service

    The tax agency says a unit that tackles illicit financial flows has recovered R2.6bn since April 2019.

  • Eskom

    The power utility has brought back a former manager to head up its Kusile construction.

  • Zimbabwe

    The country has turned to UAE in hopes of selling a stake in its national oil company.

Loading...

German new car sales speed ahead

Apr 04 2011 13:43
AFP

Berlin - Germany's giant auto economy continued to roar ahead in March, the sector federation VDA said Monday, with an 11% jump in new car registrations compared to the same period last year.

Buyers snapped up 328 100 new cars in Europe's top economy last month, the VDA said in a statement. During the first three months of the year, more than 750 000 cars were sold, an annualised gain of 14%

Car exports also accelerated, according to the VDA, with 1.16 million sent abroad in the first quarter, a rise of 11%.

Nevertheless, the crisis in Japan, as well as a spike in oil prices due to unrest in the Middle East, presents a sizeable risk for the sector, the VDA said, warning that the road ahead was "full of obstacles."

"The news from Japan is overshadowing everything else. But our members are also watching carefully how raw material prices are developing, including oil," the association said.

"There are also inflation risks in emerging economies that we are monitoring closely."

germany  |  cars
NEXT ON FIN24X

 
 
 

Read Fin24’s Comments Policy

24.com publishes all comments posted on articles provided that they adhere to our Comments Policy. Should you wish to report a comment for editorial review, please do so by clicking the 'Report Comment' button to the right of each comment.

Comment on this story
0 comments
Comments have been closed for this article.
 

Company Snapshot

Voting Booth

How concerned are you about ransomware attacks?

Previous results · Suggest a vote

Loading...