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POAHY Porsche Automobile Holding SE (PK)

4.2345
0.00 (0.00%)
18 Oct 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% 4.2345 4.2345 4.2345 0.00 01:00:00

German June New Car Registrations Up Nearly 3% On Year - VDIK

03/07/2012 10:40am

Dow Jones News


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German new car registrations rose nearly 3% on the year in June, due to positive consumer sentiment and higher demand for Diesel cars, international vehicle manufacturing association VDIK said Tuesday.

MAIN FACTS:

-New car registrations amounted to 296.000 units in June.

-For the January to June period, new car registrations were up close to 1% on the year at 1.6 million units. Of this, 780,000 vehicles were Diesel cars, a rise of 5% on the year.

-However, incoming orders have fallen on the year, VDIK said, and doesn't expect growth in the second half of the year.

-"I however expect that the car market will be relatively stable," VDIK president Volker Lange added.

-Write to the Frankfurt Bureau at djnews.frankfurt@dowjones.com

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