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Germany: New passenger vehicle sales fall 20% in December

New passenger vehicle sales in Germany plummeted 20% year-on-year in December to 243,000 units. Full-year 2007 figures dropped as well, falling 9% to 3,149,300 units, according to data published by the VDA automotive industry association.The poor results, a 17-year low, have been attributed to a sales tax increase early in the year. In January ...

New passenger vehicle sales in Germany plummeted 20% year-on-year in December to 243,000 units. Full-year 2007 figures dropped as well, falling 9% to 3,149,300 units, according to data published by the VDA automotive industry association.

The poor results, a 17-year low, have been attributed to a sales tax increase early in the year. In January …

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