Germany’s auto industry saw an increase in car sales despite a widespread debt crisis that has crippled most European economies.
Germany is one of the exceptions, however, as a total of 296,800 new cars were registered last month – 3% more than in the same month a year ago. And over the first six months of 2012, sales rose by 1% to 1.63 million vehicles, the VDA industry federation said.
“The German auto industry is in better form than the rest of western Europe,” VDA chief Matthias Wissmann told a news conference.
Nevertheless, German car exports were feeling the pinch and fell by 1.0 percent over the January-June period, VDA calculated.
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