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German passenger car production increases by 6 pct in H1 of 2014

 

BERLIN, (Xinhua) -- Passenger car production in Germany rose by 6 percent in the first half of 2014 compared with the same period of previous year, boosted by the recovery of global market, data from an industry association showed on Wednesday.

From January to June, 2.9 million cars were produced in Germany, said German Association of Automotive Industry (VDA), adding that the increase was supported by the growing markets in China and the United States, and the recovering western European market.

According to VDA, in the first five months of 2014, passenger car sales rose by 15 percent to 7.4 million units in China.

During the same period, demand for new cars in western Europe increased by nearly 6 percent to 5.2 million units.

In the U.S., 8.1 million new light vehicles were sold until June, up by 4 percent year-on-year.

"The major markets of the U.S. and China are on a growth path, even Western Europe turns back into positive territory," said VDA President Matthias Wissmann in a press conference in Berlin.

The association forecast sales in Chinese market to expand by 15 percent to 18.7 million new cars, U.S. sales to increase by 4 percent to 16.1 million units.

In the western European market, sales was expected to grow by 4 percent and exceed the 12 million mark, following four years of decline.

VDA said strong external demands benefited German manufacturers. In the first half year, German auto exports rose by 7 percent to 2.2 million units.

For the whole year, 4.4 million new cars with German brands were expected to exported to foreign customers.

In Germany, around 1.54 million new passenger cars were registered from January to June, 2.4 percent more than in the first six months in 2013.

"As consumer spending improved, we assume that we will see more recovery of private customer business in the second half of the year," Wissmann said.

 

 

 
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