Germany: New car market contracts 5% in July

Registrations of new passenger cars in Germany declined year-on-year in July, by 5%, dropping to 248,000 units. This follows a 3% increase in registrations reported by the country's automotive industry in June this year. Last month's figures were down compared with 260,907 cars registered in July 2011. Registrations were also down It’s time to log … Continued

• By Webmaster
• August 6, 2012