Don't miss

Replay


LATEST SHOWS

MEDIAWATCH

Phelps flops in man v shark challenge

Read more

THE DEBATE

Jerusalem Crisis: Who will play the peacemaker?

Read more

FOCUS

How Senegal is leading the fight against AIDS in West Africa

Read more

EUROPE NOW

A year of crucial elections in Europe

Read more

ENCORE!

Music show: Blues legend Lucky Peterson & Lollapalooza Paris

Read more

EUROPE NOW

One year after Brexit, where is the EU headed?

Read more

BUSINESS DAILY

Oil-producing nations meet as cracks emerge in production deal

Read more

THE WORLD THIS WEEK

Head of French armed forces quits; Six months of President Trump

Read more

IN THE PAPERS

Man vs Shark: Michael Phelps loses 'race' to great white

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)