Car sales in Germany, Europe’s largest auto market, stabilized in October in a sign of a recovery in vehicle demand in the region.
New auto registrations in Germany, home to Volkswagen (VOWG_p.DE), Daimler (DAIGn.DE) and BMW (BMWG.DE), rose 2 percent year-on-year, a source familiar with the matter told Reuters on Monday, speaking on condition of anonymity because official figures have not been published yet.
Year-to-date, German deliveries have dropped between 5 and 6 percent, the source further said.
Registrations can be an imperfect indicator for the health of Germany’s car market, since they can lag demand by around two to three months.
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