FX.co ★ German Car Registration Plummets by 6.2% in Latest Data Update

According to the most recent data update on April 4, 2024, German car registration numbers have taken a significant hit, showing a decrease of 6.2%. This current indicator marks a sharp decline compared to the previous data point, which had shown an increase of 5.4% back in February 2024. The comparison, on a year-over-year basis, highlights the downturn in car registrations in Germany, signifying a challenging period for the automotive industry in the country. This latest development is sure to draw attention from economists and industry experts as they analyze the factors contributing to this drastic shift in car registration numbers in Germany.