German New Car Registrations to Rise About 4% This Year - VDA
December 01 2015 - 8:09AM
Dow Jones News
By Sarah Sloat
FRANKFURT--German new car registrations will rise about 4% this
year and increase modestly next year despite the emissions scandal
that has shaken trust in the industry, automobile association VDA
said Tuesday.
New registrations are expected to hit 3.17 million in Germany
this year, up 4% from 2014, and rise to about 3.2 million in 2016,
the industry association said. In November, new car registrations
in Germany rose 9% to 272,000 units, it said.
"There's no question that misconduct has damaged trust in the
affected company, the entire sector and not least in diesel
technology," VDA President Matthias Wissmann said, referring to
Volkswagen AG's admitted use of engine software that let diesel
vehicles circumvent pollution standards.
Mr. Wissmann said, however, that the industry shouldn't be
demonized because of the scandal. Diesel remains a fixture in the
future of automobile industry, he said, and is important in helping
to cap greenhouse gases.
"Every second new car that is sold in Western Europe is a
diesel, and every second diesel car sold in Western Europe is made
by German manufacturers," Mr. Wissmann said.
Write to sarah Sloat at Sarah.Sloat@wsj.com
(END) Dow Jones Newswires
December 01, 2015 07:54 ET (12:54 GMT)
Copyright (c) 2015 Dow Jones & Company, Inc.
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