German Auto Sales Up 29.5% For July As Scrappage Program End Nears

Sales of new cars in Germany were up 29.5 percent on the year in July, official figures showed Tuesday. The pace of growth was slower than in previous months, suggesting that a boom triggered by a cash-for-clunkers bonus is fading.

The Federal Motor Transport Authority said nearly 340,000 new cars were registered last month. The year-on-year increase followed rises in the previous five months, but was well short of the 40.5 percent climb seen in June, when some 427,000 new vehicles were registered.

The mini and small car segments saw year-on-year increases of 144.1 percent and 67.5 percent respectively in July, the authority said. However, bigger cars fared less well, and new registrations of sports cars were down 29.1 percent on the year.


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DinamoR - 8/4/2009 7:00:25 PM

+2 Boost

no way, german are communists also? just wait till glenn beck hears about this!

LMAO

silent6 - 8/4/2009 7:33:50 PM

+3 Boost

Germans buying Hyundai, no way, that should've been X3 in that pic or something...