German July new car sales down 30%
German new car registrations dropped by 30.2 percent to 237,428 units in July, according to the government’s Kraftfahrtbundesamt registration agency, falling about the same rate as in the previous month.
Year-earlier registration figures had been inflated by a government-backed scrapping scheme.
Registrations, which usually lag sales slightly, dropped by about 29 percent to 1.7 million units in the first seven months of the year.
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