New-car sales in Germany surged 2 percent in July 2013, boosting yearnings that the vehicle market slump in Europe has already reached rock bottom. Germany joins France and Spain in reporting new-car sales growth in July 2013. According to Germany’s KBA federal transport authority, car registrations in the country in July totaled 253,146 vehicles.
New-car sales in Germany for the first seven months of 2013, however, dropped 6.7 percent to 1.76 million units. Among those which reported double-digit increase in new-car sales in Germany is GM’s Opel unit, which posted almost an 11-percent climb in July, boosted by new models like the Mokka sports utility vehicle and Cascada convertible.
Other carmakers posting double-digit increase in new-car sales are Mercedes, BMW, Jaguar, Mazda and Chevrolet as well as Skoda and Seat. Ford logged a 1.7-percent jump in sales in Germany. On the other hand, the core Volkswagen brand and Audi posted drops in sales at 5 and 10 percent, respectively.
New-car sales in France surged by nearly 1 percent in July 2013, the first in almost two years. New-car sales in Spain, meanwhile, climbed 15 percent, helped by a scrappage program. New-car sales in Italy only dropped 1.9 percent in July, the smallest year-on-year decline in the country since April 2011. PSA/Peugeot-Citroen Chief Financial Officer Jean-Baptiste de Chatillon remarked that results and sales in Europe seemed to show that the region’s vehicle market has already hit the bottom in the first half.