Tuesday, April 25, 2017

U.S. Car Market Posts Record Sales for 2016

January 30, 2017 by  
Filed under NEWS

Due to good sales figures in December, the U.S. car market has managed another year of record sales. High demand for SUVs and pickup trucks led to a surprisingly strong year-end closing, as the manufacturers’ final figures showed. In Germany, too, car sales were buzzing in 2016 — and despite Volkswagen’s emission scandal, a lot of new diesel cars are coming on the road. According to the Automotive News journal, 17.54 million new cars were sold in the U.S. in 2016, an increase of 0.3 percent compared to the previous year. The experts’ expectations were exceeded, but analysts predict weaker figures for 2017 — as the boom boosted by cheap gas and low interest rates may be coming to an end.

Numbers for German car manufacturers had a mixed picture in the U.S.A. Volkswagen posted strong growth in December for the second consecutive month. The car sales of the core brand VW climbed by 20.3 percent. However, the company, which was hit by the exhaust emissions scandal, benefited from the fact that a sales stop for diesel wagons had severely impacted the figures in the previous year. In the whole year VW sold 7.6 percent fewer cars than 2015.

In 2016 Germany sold as many new cars as seven years ago. With an increase of almost five percent to a good 3.35 million new cars, the German car market grew for the third time in a row. Of the large brands only VW lost due to the emission-cheating scandal. Used cars are also in demand: the German Federal Bureau of Motor Vehicle and Drivers counted 8.37 million conversions, one percent more than in the previous year. This is the highest level for many years.

Source: www.dw.com

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