Don't miss

Replay


LATEST SHOWS

FOCUS

Will Finland's eurosceptic party enter government?

Read more

FOCUS

The health risk behind Argentina's soya paradise

Read more

EYE ON AFRICA

Top Burundian judge flees country after government pressure

Read more

IN THE PAPERS

'60% of British citizens want voting reform'

Read more

THE INTERVIEW

Swedish FM: ‘Diplomacy today is about courage and patience’

Read more

IN THE PAPERS

Women journalists to male politicians: Hands off!

Read more

BUSINESS DAILY

France's billion-euro private beach industry

Read more

EYE ON AFRICA

UN denies claims it tried to cover up sex abuse in Central African Republic

Read more

DEBATE

François of Arabia: Hollande's Budding Friendship with the Gulf (part 2)

Read more

Business

German car sales shot up 40 %

Latest update : 2009-04-02

With 401,000 new cars sold in Germany during March, car sector sales went up 40 % compared with the same month in 2008, widely believed to be because of a car-scrapping premium introduced.

AFP - German auto sales shot up by 40 percent in March compared with the same month in 2008 owing to a government subsidy and a larger number of business days this year, the VDA automobile federation said Thursday in a statement.
  
Sales in March came in at 401,000 vehicles.
  
UniCredit analysts said in a research note that "something has started which had not occurred for a long time in Germany: a shopping frenzy."
  
"Applications for the car-scrapping premium literally skyrocketed, exceeding one million yesterday (Wednesday)," they added.

Date created : 2009-04-02

COMMENT(S)