January 4, 2017 / 8:55 AM / 7 months ago

German 2016 passenger car registrations at 7-year high -source

1 Min Read

FRANKFURT, Jan 4 (Reuters) - German new passenger car registrations reached a seven-year high of 3.35 million in 2016 thanks to low fuel prices and interest rates, a source familiar with the matter told Reuters.

New registrations rose 3.7 percent in December and 4.5 percent over the full year.

That compares with a 5.1 percent 2016 increase in France and a 15.8 percent rise in Italy.

The German Federal Motor Transport Authority is due to publish official figures later on Wednesday.

Reporting by Jan Schwartz; Editing by Georgina Prodhan

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