Germany’s new-car registrations rise 6.8% in July

05 August 2014 16:15 Source:ICIS News

LONDON (ICIS)--The number of new cars registered in Germany in July rose 6.8% year over year to 270,249, a German government agency said on Thursday.

Compared with June, registrations were down 2.7%.

For the first seven months from January to July, registrations were up 3.0% year over year to 1,808,517, Flensburg-based Kraftfahrt-Bundesamt (KBA) said.

Germany’s Volkswagen remained the market leader with 384,767 or 21.3% of new-car registrations in the first seven months of 2014, followed by Mercedes with 8.9%.

New-car sales are an important market indicator for many chemical products and polymers, such as acrylonitrile-butadiene styrene (ABS), polycarbonate (PC), nylon, as well as styrene butadiene rubber (SBR) for tyre production.

By Stefan Baumgarten