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Germany's commercial vehicle output down 15 percent in August

Thursday, 15 September 2016 10:34:49 (GMT+3)   |   Istanbul
       
In August this year, commercial vehicle registrations in the German market totaled 30,623 units, up 7.5 percent month on month and increasing by 43 percent year on year, according to the data released by the German Association of the Automotive Industry (VDA). Meanwhile, in the first eight months of this year, Germany's commercial vehicle registrations increased by 12 percent year on year, totaling 236,100 units.
 
According to the VDA, in August this year 16,210 commercial vehicles rolled off production lines in Germany, which represents a month-on-month decrease of 30.9 percent and a year-on-year decline of 15 percent. German commercial vehicle output in the January-August period of the current year amounted to 205,320 units, declining one percent compared to the same period last year.

In the given month, a total of 12,890 commercial vehicles were exported from Germany, down by 27.8 percent month on month and decreasing by three percent compared to August last year. In the first eight months of the current year, German commercial vehicle exports amounted to 155,060 units, showing zero growth on year-on-year basis.

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