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VDIK importer association: German car market in the black

dpa
Importers Association VDIK
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I n 2010 as a whole, almost 2.92 million new cars were sold, as expected - 23.4 percent less than last year. However, 2009 was a record year for the German car market.

Slow and stable recovery

Thanks to the scrapping bonus, 3.8 million cars were registered. Compared to 2008, the decline in 2010 is only 5.6 percent.

'The dreaded pull-forward effect from the environmental bonus, which had been predicted by many experts, was relatively weak,' emphasized VDIK President Volker Lange: The forecasts for economic development in the new year indicated a 'slow, stable recovery'. He is assuming around 3.1 million new registrations for 2011. If the positive development continues, this mark could easily be exceeded.

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