Germany New Car Sales Rise 3.9% in October

By Max BernhardFeaturesDow Jones Newswires

New car sales in Germany rose 3.9% in October, as diesel-powered vehicles lost further market share, according to data published on Tuesday.

New car registrations--a reflection of sales--rose in October to 272,855 vehicles, said KBA, Germany's federal motor transport authority.

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Registrations of diesel-powered vehicles declined 17.9%, while 18.8% more gasoline-fueled cars were sold compared with the prior-year period.

Peugeot SA (UG.FR) saw one of the highest increases, with vehicle sales up 38%, while Daimler AG's (DAI.XE) Mercedes brand vehicle sales rose 6.9% and Volkswagen AG (VOW.XE) saw an increase of 1.8% for its namesake brand. BMW (BMW.XE) and Audi AG (NSU.XE) sales declined by 9.1% and 7.0% respectively.

Write to Max Bernhard at; @mxbernhard

(END) Dow Jones Newswires

November 02, 2017 08:01 ET (12:01 GMT)