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GM General Motors Company

44.905
0.235 (0.53%)
Last Updated: 15:25:01
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Share Name Share Symbol Market Type
General Motors Company NYSE:GM NYSE Common Stock
  Price Change % Change Share Price High Price Low Price Open Price Shares Traded Last Trade
  0.235 0.53% 44.905 45.545 44.90 45.03 2,057,193 15:25:01

German June New Car Registrations Up 13% On Year - VDA

02/07/2015 11:35am

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By Ilka Kopplin and Neetha Mahadevan

FRANKFURT--New car registrations in Germany in June rose 13% on the year, despite signs of a slowdown in global markets.

New car registrations, a mirror for sales, hit 313,600 in Europe's largest car market in June, according to data released by the German automotive industry association VDA on Thursday. In the first six months, new car sales rose 5% on the year.

"The German car market is on track," VDA President Matthias Wissmann said, referring to the increase.

For the full-year, the association expects a growth of 2% to about 3.1 million vehicles.

However, Mr. Wissmann said growth in the global markets was slowing, despite increases in major car markets.

European car sales have been strong so far this year, with France up 6.1%, Italy rising 15% and Spain surging 22% in the first half of the year. ACEA, the European association of auto makers, is slated to release June registration data on July 18.

Write to Ilka Kopplin and Neetha Mahadevan at Ilka Kopplin@wsj.com and Neetha Mahadevan@wsj.com

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