1/5 Last year’s German car sales highest since 2010

Edited by walterp on . Posted in News In Brief

More cars were registered on German roads in 2017 than in any year this decade, as sales continued a long-running growth streak, government and industry figures showed Thursday. New registrations grew 2.7 percent year-on-year to some 3.4 million vehicles, according to data from the Federation of the Automotive Industry (VDA) and the KBA vehicle licensing authority. The automotive industry is a keystone of the German economy, with firms ranging from global giants like Volkswagen and Bosch to thousands of small suppliers and subcontractors. Gasoline-powered cars’ share of the new car market added more than five percentage points year-on-year to reach 57.7, while diesel shrank to just 38.8 – down 7.1 percentage points on 2016’s figure. Meanwhile, efforts from industry and government to foster interest in hybrid and all-electric cars bore little fruit. The number of hybrids sold grew 76 percent, while the number of pure battery-powered cars more than doubled with 120 percent growth.  

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