Bad Homburg. The passenger car market in Germany grew by 3.9 percent in October 2017 with 272,855 new passenger car registrations compared to the same month last year. The VDIK member brands accounted for 104,167 units; they increased their market share from 36.4 to 38.2 percent compared to the same month of the previous year. With around 95,400 new registrations in October, passenger cars with diesel engines show a renewed decline of 17.9 percent. New registrations of private customers in October were around 10 percent up compared to the same month of the previous year at around 102,000 units.
In the first ten months of the year, a total of 2.885 million new passenger cars were newly registered, an increase of 2.3 percent compared to the same period of the previous year. With 1.1 million cars, the VDIK members increased their sales at 8.1 percent significantly more strongly than the overall market from January to October, and thus continue to be solely responsible for the additional volume of the market. Their market share rose by 2 percentage points to currently 38.1 percent.
With 1.022 million vehicles, 3.2 percent more new registrations were registered in the private market from January to October 2017 than in the same period of the previous year. The international manufacturers were able to increase their share in the private market from 43.2 to 46.5 percent with 475,000 private new registrations, an increase of 10 percent.
New registrations of passenger cars with diesel engines have dropped cumulatively by 12 percent. With 1.149 million new passenger car registrations, their share of total registrations remains around 40 percent. In the same period, new registrations of passenger cars with alternative drive systems increased by around 80 percent.
VDIK President Reinhard Zirpel: “Fortunately, the increase in the overall market is accompanied by a healthy development of the distribution channels, in particular an above-average increase in private purchases. These are certainly supported by the numerous environmental bonuses on the market. “