FRANKFURT (AFP) – The German car market extended its rebound in July, official data showed yesterday, driven by booming electric vehicle sales as supply chain woes continue to ease.
In total, 243,277 new cars were registered in Europe’s biggest economy last month, an 18.1-percent increase from a year earlier, according to the KBA federal transport authority.
Car sales have been rebounding since the start of the year, although they still remain substantially below the level recorded in 2019 before the COVID-19 pandemic.
Manufacturers in Germany, home to industry titans like Volkswagen and BMW, produced 300,300 vehicles in July, 20 per cent more than in the same period last year, according to the VDA industry association.
The sector is gradually recovering from supply chain issues – notably when it comes to semiconductors – that had slowed deliveries to customers.
In particular, the market was boosted by registrations of electric vehicles, which rose almost 70 per cent in July year on year, making up 20 per cent of all registrations.
