German new car sales drop 29.8 pct in Feb-VDIK

Newswire

FRANKFURT, March 2 (Reuters) - Germany's new car market shrank for a third consecutive month, posting a 29.8 percent year-on-year decline in February, after government incentives for new car buyers ran out.

Especially sales of mini and compact cars declined after months of strong growth in 2009, Germany's VDIK foreign carmaker association said on Tuesday.

It said that the long and harsh winter likely also caused potential car buyers to put off a trip to the auto ...

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