German Car Industry Expands Market Share In US, China - VDA
16 December 2011 - 11:02PM
Dow Jones News
German car makers gained market share in the U.S. and China in
November, German automotive industry association VDA said Friday,
following data earlier in the day showing declining new car
registrations in Europe.
VDA said German manufacturers sold 24% more passenger cars in
the U.S. in November, compared with the year earlier month. That is
well above the 14% market growth in the region overall.
"Every eighth passenger car that is newly registered in the U.S.
is from a German manufacturer," VDA President Matthias Wissmann
pointed out.
In China, Germany's car makers also increased market share,
Wissmann said, pointing to double- digit percentage sales growth
for German car companies in November, while overall sales rose 2%
in China.
"For the full year, we expect 12.2 million passenger cars to be
sold in China overall, and a fifth of this figure to be German
cars," he added.
The gains in the U.S. and China contrast with a 3% drop on the
year in European new car registration data for November, released
earlier in the day by the European automobile manufacturers'
association, ACEA.
-By Nicky Redl, Dow Jones Newswires: +49 69 29725 513:
nicky.redl@dowjones.com
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