Germany car sales hit eight-year high in August

Author: Spencer Ogden
Date posted04/Sep/2017
Author: Spencer Ogden
New car registrations in Germany have increased to the highest level in eight years in August, according to the KBA motor vehicle authority. 

KBA also confirmed that sales of new passenger cars in Germany have risen to 3.5 percent, adding that eight-month sales have increased from 2.9 percent to 2.32 million vehicles. 

“Framework conditions in Germany as well as in other major European markets are favourable,” said Peter Fuss, senior partner and automotive specialist at Ernst & Young’s German practice, citing rising employment and wages as well as low-interest rates.

“There should be no significant changes to this positive environment until the end of the year,” he added.

Officials claim that Germany’s August automitive sales directly mirrors improvements in other key European markets, with sales up 9.4 percent in France, 16 percent in Italy and 13 percent in Spain.

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