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POAHY Porsche Automobile Holding SE (PK)

4.70
0.00 (0.00%)
16 Jul 2024 - Closed
Delayed by 15 minutes
Name Symbol Market Type
Porsche Automobile Holding SE (PK) USOTC:POAHY OTCMarkets Depository Receipt
  Price Change % Change Price Bid Price Offer Price High Price Low Price Open Price Traded Last Trade
  0.00 0.00% 4.70 4.70 4.70 0.00 01:00:00

German July New Car Registrations Fall, May Improve in Autumn -VDIK

02/08/2012 10:06am

Dow Jones News


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German new car registrations declined nearly 5% on the year in July, but were flat over the first seven months of the year, international vehicle manufacturing association VDIK said Thursday, amid fears of a stalling German economy.

MAIN FACTS:

-This is the first monthly decline on the year since January 2012, after registrations were flat in February.

-New car registrations amounted to 248,000 units in July.

-For the January to July period, new car registrations in Germany were stable at 1.8 million units, despite strong declines in other European countries, VDIK said.

-However, the association noted order intake and backlog in the industry are easing.

-Europe's car market may pick up in autumn if consumer confidence is restored by a solution to the financial crisis, VDIK president Volker Lange said.

 
-Frankfurt Bureau, Dow Jones Newswires; 49-69-29725-500 
 

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