You are here: Home » Reuters » News
Business Standard

German car lobby sees 'historic' 2017 sales, small 2018 drop

Reuters  |  BERLIN 

BERLIN (Reuters) - New car registrations in Germany, Europe's largest auto market, will grow to one of their highest-ever levels this year, fuelled by a strong economy and sales incentives for cleaner diesel models, the country's main auto lobby said.Registrations of passenger cars in the home market of Volkswagen, Daimler and BMW may rise at least 3 percent to 3.4 to 3.5 million vehicles, nearing an all-time record of 3.8 million achieved in 2009 thanks to a national scrappage scheme to spur a then-slumping car market.Persistent economic growth, high employment levels, solid wages and low ...

This article is no longer available in our repository.

There could be multiple reasons for this.

First Published: Wed, December 06 2017. 18:16 IST