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GENEVA AUTO SHOW
German car sales leap 21% helped by scrappage incentives
Automotive News Europe
March 4, 2009 06:01 CET
GENEVA (Reuters) -- New-car sales in Germany rose a fifth in February helped by government scrappage incentives.
Registrations of new cars in Europe's biggest market increased 21 percent to 278,000 units -- the best February sales in a decade -- and held out hope full-year sales could top 3 million units, the VDA industry association said.
It was first rise in German new-car sales in half a year.
Encouraged by a 2,500-euro bonus for scrapping cars older than nine years and tax changes that favor fuel-efficient models, Germans have been rushing to showrooms.
Domestic orders advanced 63 percent in February.
VDA President Matthias Wissmann said at the Geneva auto show that if other countries' economic stimulus schemes gained traction as well then "it could come to the first gradual recovery of global sales in the second half of the year."
GENEVA AUTO SHOW
German car sales leap 21% helped by scrappage incentives
Automotive News Europe
March 4, 2009 06:01 CET
GENEVA (Reuters) -- New-car sales in Germany rose a fifth in February helped by government scrappage incentives.
Registrations of new cars in Europe's biggest market increased 21 percent to 278,000 units -- the best February sales in a decade -- and held out hope full-year sales could top 3 million units, the VDA industry association said.
It was first rise in German new-car sales in half a year.
Encouraged by a 2,500-euro bonus for scrapping cars older than nine years and tax changes that favor fuel-efficient models, Germans have been rushing to showrooms.
Domestic orders advanced 63 percent in February.
VDA President Matthias Wissmann said at the Geneva auto show that if other countries' economic stimulus schemes gained traction as well then "it could come to the first gradual recovery of global sales in the second half of the year."