The country's new car registrations in November rose 3% from a year earlier to 269,300, while car exports of German brands increased 7% to 426,800, VDA said. Domestic car production increased 7% to 555,700.
2011 is a strong year for the auto market. We expect new record highs in exports, production and sales," VDA President Matthias Wissmann said in a statement.
For 2011, the association continues to expect new car registrations in Germany to rise about 8% to over 3.1 million and exports to rise 7% to over 4.5 million cars. It also expects more than 5.9 millions cars to be produced in the country. For the latest updates on the stock market, visit Stock Market Today For the latest updates PRESS CTR + D or visit Stock Market news Today
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