The German car market is attracting more

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Automotive industry

The German car market is attracting more

Looking at the June or the first half of the year – the picture is the same: The car sales in Germany has increased strongly. The less rosy it looks in the case of electric cars – and that in spite of the acquisition premium.

Motorists in Germany have bought in the first half of the year more new cars. The number of new registrations increased compared with the same period last year by seven per cent to around 1.7 million, as the German Association of the automotive industry (VDA) announced on Monday. “The previous year shows that in 2016, again a growth year,” said VDA President Matthias Wissmann in Berlin.

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In June alone, almost 340,000 cars were allowed – eight per cent more than in the same month last year. The manufacturer produced in the first half of the year in Germany, more than three million cars, an increase of four percent. In June, they extended both the production and the Export of ten percent. Three of the four German-made cars were exported.

Regional Differences

Exports to China were according to the VDA, on the level of the previous year, those in the EU, especially to Italy and Spain – grew, while exports went to the USA last. For the full year, the Association expects a stable export total of around 4.4 million cars.

An important market for the German companies to Britain, Wissmann stressed. In the past year, more new cars from German production had been exported there than in any other country. The German group brands were sold in the United Kingdom, around 1.3 million cars. It is important that there is also, according to the Brexit vote, a freedom of movement for goods.

And in the future?

The German Association of the automotive industry reiterated his already in may increased forecast. Accordingly, the number of new registrations in the full year to climb three per cent to 3.3 million vehicles. Last year, 3.2 million new cars were rolled out to the customer.

For Western Europe, the VDA expects sales growth of five percent to 13.8 million Cars. In China, the Cars will increase demand by an estimated eight per cent to around 21.7 million vehicles. In the USA the auto makers in 2016, with a growth of one percent to 17.5 million cars.

Electric cars are still waiting for buyers

The interest in the buyer’s premium for electric cars seems to hold at first. Since the Start of the procedure on Saturday to appropriate amendments were made to the competent Federal office of Economics and export control (Bafa), 175, as the authority announced on Monday at noon in Eschborn on request. The beginning was smooth.

For pure electric vehicles with battery, there are 4000 Euro “eco-bonus”, as the premium hot – 2000 euros 2000 euros from the manufacturer. In the case of hybrid cars, which are loaded by the connector and a complementary internal combustion engine, it is 3000 euros (1500 euros AU/1500 Euro manufacturers). The promotion is retroactive for E-cars since the age of 18. May have been bought. Applications to the acfa can provide citizens, businesses, foundations, bodies and associations, on which a vehicle is permitted. The Online Portal had been activated in the night to Saturday.

The Federal government and the car industry will share the cost of a total of 1.2 billion euros. The Federal government expects at least 300,000 E-cars will be bought thanks to the funding. The purchase premium shall apply until the funding pot is empty – not later than 30. June 2019 would be the end.

iw/ul (dpa, rtr)