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Germany's new car sales surge in January
(MENAFN) Industry data showed that new car sales in Germany, a key gauge of demand in one of the most important sectors of Europe's top economy, rose in January, The Peninsula Qatar reported.
A total of 211,337 new cars were registered last month, showing an increase 2.6 percent over the figure for the same month last year, the federal automobile agency KBA said in a statement.
More than two thirds of the new car purchases were for businesses and more than half of total sales were of diesel-driven cars. A total 427,900 cars rolled off German production lines last month, a drop of 3 percent.
The head of the German automobile industry federation VDA said the January sales figures marked a "pleasing start to the year," but should not be "overestimated."
A total of 211,337 new cars were registered last month, showing an increase 2.6 percent over the figure for the same month last year, the federal automobile agency KBA said in a statement.
More than two thirds of the new car purchases were for businesses and more than half of total sales were of diesel-driven cars. A total 427,900 cars rolled off German production lines last month, a drop of 3 percent.
The head of the German automobile industry federation VDA said the January sales figures marked a "pleasing start to the year," but should not be "overestimated."
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