VDIK: Passenger car market also in February with record results

Bad Homburg. In February 2018, the German passenger car market achieved its best result since 2009. With 261,749 new passenger car registrations, it grew by 7.4 percent compared to the same month of the previous year.

The international motor vehicle manufacturers increased their sales with 10 percent stronger than the market as a whole and improved their market share in February to currently 39 percent.

The negative trend in sales of passenger cars with diesel engines continued. Registrations fell by 19.5 percent to 85,000 vehicles in February compared to the same month of the previous year. New registrations of passenger cars with petrol engines or alternative drives increased by around 28 percent to just under 177,000 units.

Sales to private customers developed again better than the overall market. With a rise of 21 percent in February, the share of private registrations in the overall market increased to 36.9 percent. The international motor vehicle manufacturers achieved a share of 48 percent here.

VDIK President Reinhard Zirpel: “The record results in January and February are ensuring a greater rejuvenation of the vehicle fleet. The new vehicles with modern low-emission engines contribute significantly to an improvement in air quality in Germany.”