VDA hails automotive growth, though US figures disappoint
22/11/2017
New registrations reached more than 19 million in China, up by 3%, while the figure for Europe was 13.2 million, an increase of 3.8% year on year.
There were even more impressive increases in Japan (up by 7.2% to 3.7 million), India (up by 8.7% to 2.7 million, Russia (up by 11.3% to almost 1.3 million) and Brazil (up by 9.7% to almost 1.8 million).
The exception is the US. The market there recorded new registrations of more than 14 million, but this represents a fall of 1.8% year on year.
VDA president, Matthias Wissmann, said at a press conference on November 21 that the industry is growing, largely thanks to demand from consumers in China and India. He predicted that production in 2018 will be stable.
Image: Volkswagen
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