💎 Fed’s first rate cut since 2020 set to trigger market. Find undervalued gems with Fair ValueSee Undervalued Stocks

German carmakers see steady U.S. sales in 2016: VDA

Published 01/11/2016, 06:58 AM
Updated 01/11/2016, 07:00 AM
© Reuters. The logo of German carmaker Volkswagen is seen at a VW dealership in the Queens borough of New York
VOWG_p
-

DETROIT (Reuters) - Sales of German carmakers including Volkswagen (DE:VOWG_p) <‎VOWG_p.DE>, Daimler and BMW in the United States may hold steady this year, the VDA auto industry association said on Monday.

U.S. deliveries of German manufacturers may come in at about 1.4 million cars in 2016, on par with last year, and are poised to grow over the medium term, VDA President Matthias Wissmann said at a news conference at the Detroit auto show.

‎"It is not yet possible to see the full consequences of the events surrounding diesel cars," Wissmann said.

© Reuters. The logo of German carmaker Volkswagen is seen at a VW dealership in the Queens borough of New York

Overall sales of U.S. passenger cars and light trucks may increase 1 percent this year to 17.5 million autos from 17.4 million in 2015, he said.

Latest comments

Risk Disclosure: Trading in financial instruments and/or cryptocurrencies involves high risks including the risk of losing some, or all, of your investment amount, and may not be suitable for all investors. Prices of cryptocurrencies are extremely volatile and may be affected by external factors such as financial, regulatory or political events. Trading on margin increases the financial risks.
Before deciding to trade in financial instrument or cryptocurrencies you should be fully informed of the risks and costs associated with trading the financial markets, carefully consider your investment objectives, level of experience, and risk appetite, and seek professional advice where needed.
Fusion Media would like to remind you that the data contained in this website is not necessarily real-time nor accurate. The data and prices on the website are not necessarily provided by any market or exchange, but may be provided by market makers, and so prices may not be accurate and may differ from the actual price at any given market, meaning prices are indicative and not appropriate for trading purposes. Fusion Media and any provider of the data contained in this website will not accept liability for any loss or damage as a result of your trading, or your reliance on the information contained within this website.
It is prohibited to use, store, reproduce, display, modify, transmit or distribute the data contained in this website without the explicit prior written permission of Fusion Media and/or the data provider. All intellectual property rights are reserved by the providers and/or the exchange providing the data contained in this website.
Fusion Media may be compensated by the advertisers that appear on the website, based on your interaction with the advertisements or advertisers.
© 2007-2024 - Fusion Media Limited. All Rights Reserved.