German January New Car Registrations +7.2% On Year -VDIK

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By Neetha Mahadevan

FRANKFURT--German new car registrations climbed 7.2% in January, providing further evidence of an upturn in Europe's auto market, according to data released Tuesday.

"Following a difficult start to 2013, particularly after the situation gradually stabilized in the fourth quarter, this confirms the forecast of market recovery," the Association of International Motor Vehicle Manufacturers, or VDIK, said. The association expects momentum to continue in the coming weeks.

Around 206,000 cars were registered in January in Europe's largest auto market. VDIK attributed the jump in registrations to increased demand by private customers and a 7% rise in demand for diesel cars.

The association did not provide information on sales of individual brands.

On Monday, Italy and France also reported higher new car registrations. Italian new car registrations rose 3.2% in January, while registrations in France were up 0.5%.

ACEA, the European association of auto makers, will release January new car registrations for Europe on Feb. 18. The association has forecast that Europe's auto market will grow around 2% this year, after a 1.7% decline in 2013 when sales fell to their lowest level in almost two decades.


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