German Auto Sales Growth Slows

Increase of 3% in April compared to 11% in March

Sales of new cars in Germany rose by 3% in April from the equivalent figure last year. This was a sharp slowdown from the March rate of 11%, the VDA sector federation said on May 3.

A total of 266,380 vehicles were delivered in the biggest European auto market, VDA data showed, while figures since the beginning of the year showed a gain of 11% to nearly 1.03 million vehicles.

The German market "is in a normalization process," VDA president Matthias Wissmann noted.

Exports gained 2% to 358,000 vehicles in April on an annualized basis, while overall production was also two 2% higher at 472,000 units.

Manufacturers of German luxury autos forecast a bumper year owing to strong demand in emerging markets, led by China which is now the world's biggest auto market.

Copyright Agence France-Presse, 2011

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