Germany April new-car sales rise 8.4% year on year

Stefan Baumgarten

05-May-2016

LONDON (ICIS)–Germany’s new-car registrations rose 8.4% year on year to 315,921 in April, the country’s federal vehicle authority said in a data release on Thursday.

Compared with March, registrations were down 2.2%, Flensburg-based Kraftfahrt-Bundesamt said.

For the first four months of 2016, registrations were up 5.6% year on year, to 1.1m.

Volkswagen remained the market leader with a share of 20.1% of new registrations in April, and of 20.5% in the first four months.
Mercedes came in second in April, with a 9.5% share, followed by Volkswagen Group member Audi with 9.4%. For the first four months, Audi claimed second place with 9.5% of registrations, followed by Mercedes with 9.0%.

The automotive industry is a major global consumer of petrochemicals which contributes more than a third of the raw material costs of an average vehicle. ICIS tracks the movement of petrochemical raw material costs in auto production both globally and regionally with the weighted ICIS Basket of Automotive Petrochemicals (IBAP).

ICIS produces a monthly Global Automotive report covering the major automotive chemicals markets, the auto-industry, the IBAPs and macroeconomic trends. For more information on the report and details on how to subscribe, please email automotive@icis.com

ICIS has produced a free on-demand webinar on recent trends in automotive petrochemicals raw materials. To watch the webinar, click here


 


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