MUNICH -- German new-car registrations rose by 9.4 percent in September with Lexus, Renault, Fiat and Land Rover among brands making strong gains.
Registrations increased year-on-year to 298,000, the country's KBA motor transport authority said today. Sales to private buyers jumped by 22 percent while business sales increased 3.9 percent.
It was a good month for luxury brands. Lexus sales grew by 75 percent while Land Rover's volume was up 60 percent and Jaguar sales rose by 50 percent. Among volume brands, Renault's registrations jumped 47 percent while Fiat brand gained 36 percent. Ford with a 19 percent gain outperformed the market while Opel with 7.4 percent growth and Volkswagen brand with a 1.7 percent rise did less well.
- Download PDF, above right, for German sales by brand for September and 9 months.
Car sales have been helped by low gasoline prices and favorable financing conditions. September is a busy month when many carmakers launch new models to attract drivers.
Nine-month registrations were up 6.1 percent to 2.56 million.
Peter Fuss, a senior partner and automotive specialist in Ernst & Young's German practice, said the German data was underpinned by low unemployment and rising incomes. He said the German market may weaken slightly in the fourth quarter to post full-year growth of 5 percent.
Higher German car sales mirror rises in other major European markets last month.
In the UK, sales were up 1.6 percent, while in France registrations rose 2.5 percent. Sales in Italy grew by 17 percent. In Spain, the market was up 14 percent.
"The overall macro picture points to a continued recovery in Europe," Swiss bank UBS said in a note published today. "We have a constructive stance on European autos."
Reuters contributed to this report